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21-Jan2019

SBI Life shines on reporting 15% rise in Q3 net profit

SBI Life Insurance Company is currently trading at Rs. 635.45, up by 15.65 points or 2.53% from its previous closing of Rs. 619.80 on the BSE.

The scrip opened at Rs. 621.00 and has touched a high and low of Rs. 644.35 and Rs. 621.00 respectively. So far 6671 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 774.75 on 27-Apr-2018 and a 52 week low of Rs. 487.00 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 644.35 and Rs. 609.00 respectively. The current market cap of the company is Rs. 63850.00 crore.

The promoters holding in the company stood at 84.10%, while Institutions and Non-Institutions held 9.26% and 6.64% respectively.

SBI Life Insurance Company has reported 14.76% rise in its net profit at Rs 264.28 crore for the quarter ended December 31, 2018 as compared to Rs 230.28 crore for the same quarter in the previous year. Total income of the company increased by 26.82% at Rs 12156.39 crore for Q3FY19 as compared Rs 9585.87 crore for the corresponding quarter previous year.

SBI Life Insurance Company is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.


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