SBI LIFE INSURANCE STOCK RALLED Post Post Q4 Results | Photo credit: Reuters
SBI Life Insurance shares joined 9.5 percent in early trade after the results of the quarter quarter.
Leading the Nifty 50 Gainers package, the shares quoted 6.14 percent higher than ₹ 1,707 in the NSE at 9.30 am, reaching a maximum of ₹ 1,762.
The insurance company reported a marginal increase in net gain to ₹ 813.51 million rupees in the fourth quarter of 2015, since its net premium income decreased around 5 percent year -on -year duration in the period.
The institutional equations of Nuvama observed that despite the growth of 8.5 % Aly in the equivalent of a retail annualized premium (APE) in the fourth quarter of 2015, a 31.8 percent drop resulted in a single 2.1 % interannual growth in the Belimates of Total APE.
Management points to a growth of 13 to 14 percent in fiscal year 2016, since they expect the growth of the bank channel to remain slow.
Maintaining the purchase at an objective price of ₹ 1,890, Nuvama has reduced the value of new businesses (VNB) estimates by 1.8 percent and 1.9 percent for fiscal year 2016 and fiscal year 2017.
Nomura has maintained the purchase of ₹ 1,800 and the National Broker of Motilal Retend Buy to ₹ 2,000 as a target price believing that continuous investments in the agency channel will increase general growth, while digital improvements will maintain costs.
Motilal cheered a strong VNB performance in the fourth quarter, assistant for a change in the mixture of products towards traditional products.
In the future, the improvement in the margin at the product level and the continuous inclination towards unrealized products should boost the improvement of the margin, he added.
However, Motilal has slightly cutting estimates considering the guidance of the company.
The entrance of the net premium of the insurer in the fourth quarter of 2015 decreased to ₹ 23,860.71 million rupees. The AP for the last financial year grew around 9 percent year -on -year to ₹ 21,420 million rupees and the duration of VNB, the period increased around 7 percent year -on -year to ₹ 5,950 million rupees.
More like this
Posted on April 25, 2025
