ICICI Direct has given Buy recommendation for SBI Life Insurance recommended buy rating on the stock with a target price of Rs 1500 in its research rep with a target price of Rs. 1500 in its research report issued on Oct 23, 2022
ICICI Direct’s research report on SBI Life Insurance
SBI Life (SBIL) is among the most dominant players in the Indian life insurance industry with strong distribution network, parentage, operating metrics. Balanced product mix with focus on opex ratio ahead of industry • Strong parentage led distribution remains key catalyst.
We retain our BUY rating on the stock. We continue to value SBIL at ~2.8x FY24 EV and maintain our target price at Rs 1500 per share.