ResearchIcon: - SBI Life Insurance surges on reporting 5% rise in Q1 net profit

SBI Life Insurance is currently trading at Rs. 795.80, up by 20.95 points or 2.70% from its previous closing of Rs. 776.10 on the BSE.

The scrip opened at Rs. 782.20 and has touched a high and low of Rs. 808.10 and Rs. 782.00 respectively. So far 59063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 808.10 on 24-Jul-2019 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. 808.10 and Rs. 732.55 respectively. The current market cap of the company is Rs. 80350.00 crore.

The promoters holding in the company stood at 67.30%, while Institutions and Non-Institutions held 25.56% and 7.13% respectively.

SBI Life Insurance Company has reported results for first quarter ended June 30, 2019.

The company has reported 4.96% rise in its net profit at Rs 371.90 crore for the quarter under review as compared to Rs 354.31 crore for the same quarter in the previous year. Total income of the company increased by 40.46% at Rs 9,643.51 crore for Q1FY20 as compared Rs 6,865.52 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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