Stock to buy: Insurance sector stock SBI Life is rising today. On Thursday Rs. The stock closed at 1359.95 today at around Rs. 5 with a weakness of Rs. Opened at 1354, but after a while it started running like a rocket. In no time it was Rs. reached 1434.45. This is its new 52-week high.
SBI Life has returned over 22 percent in the last six months. While this year so far it has recorded an increase of about 15 percent. The company’s shares have returned nearly 150 percent in the last 5 years. Meanwhile, the company has also given dividend 5 times.
30 out of 31 analysts are bullish on SBI Life. 18 of them have given a strong buy opinion, while 12 have given a buy rating. Only one analyst has called for a hold. Talking about the SWOT analysis of SBI Life, it has got 8 out of 10 marks on the strength front.
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The stock also has 8 points in terms of opportunity, while talking about the company’s weaknesses, ROA and net profit have declined in the last 2 years. Profits have been falling every quarter for the last two quarters. There is no threat to the company.
Financial health of the company
SBI Life Insurance’s net profit for the second quarter of the current fiscal stood at Rs. 380 crore remained almost constant. In the same quarter last year, the company posted Rs. 377 crore net profit was made. The company’s assets under management after the same quarter last year stood at Rs. 2,82,630 crore increased by 22 percent to Rs. 3,45,150 crores. In the second quarter of the current financial year, its total assets increased by 14 percent to Rs. 13,970 crore, which in September 2022 will be Rs. 12,210 crores.
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