SBI Life Insurance Co.'s share price rose as the stock turned ex-date. The insurer's board approved an interim dividend of Rs 2.7 per share for the financial year 2025.
The record date for shareholder eligibility is set for Friday, and the dividend will be credited on or before March 30.
SBI Life Insurance reported that net profit rose 71.2% to Rs 551 crore versus Rs 322 crore. The figure is up from Rs 436 crore analysts estimated in a Bloomberg survey. While net premium income rose 11.3% to Rs 24,828 crore versus Rs 22,317 crore.
SBI Life Insurance Co.'s growth trajectory looks predictable, brokerages said, after the company posted strong earnings for the third quarter of fiscal 2025, analysts said.
SBI Life Insurance Share Price
SBI Life Insurance share price rose for three days in a row. So far on Friday, the stock has risen 1.75% to Rs 1,446.20 apiece, the highest level since March 3. It was trading 0.82% higher at Rs 1,433.00 as of 10:08 a.m., as compared to a 0.13% advance in the NSE Nifty 50.
The stock declined 5.12% in 12 months. Total traded volume so far in the day stood at 0.16 times its 30-day average. The relative strength index was at 45.67.
Out of 37 analysts tracking the company, 33 maintain a 'buy' rating and four recommend a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 31.2%.
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