SBI Life stock hits 52-week high
May 05, 2021
The scrip touches the ₹1,000-mark after 18 months
The stock of SBI Life Insurance on Tuesday hit a fresh 52-week high on the back of strong performance that turned analysts more bullish on the stock. The stock crossed the ₹1,000-mark after 18 months. In October 2019, it had registered its all-time peak of ₹1,030.
According to analysts, the strong show in new business margin and annualised premium equivalent growth verticals will help the company see robust growth in the coming years.
The stock of SBI Life hit a 52-week high at ₹1,005.05 on the BSE on Tuesday. It, however, closed at ₹983.25 on the BSE, up 2.5 per cent, over the previous day’s close, as the general market weakness triggered some profit-booking on the stock too. The stock so far has given a return of 8.66 per cent since the beginning of 2021 and 42.8 per cent in the last one year.