SBI Life share price Climbed to its new 52-week high on 17 January 2022 and has been in retracement since then. In the past one month, SBI Life shares have fallen over 10 per cent, attracting the attention of situational investors looking for a value pick available at attractive valuations.
According to stock market experts, SBI Life has reported strong quarterly numbers as its provisioning has come down in view of the easing of COVID-stress. He said that short term investors can add this stock to their portfolio for the target of 1300 while long term investors are advised to invest in SIP mode.
Speaking on the shares of SBI Life in the short term; Anuj Gupta, Executive Director, IIFL Securities said, “SBI Group stock has been in retracement for the past one month. After hitting a new 52-week high, it has lost almost 10 per cent. The stock has strong support. One can buy SBI Life shares at current levels for a short term target of 1055 level and Rs. maintain stop loss at 1300 1055 per level.” He advised investors to keep depositing till the stock rises 1080 each level.
For those who still have this stock in their portfolio, Anuj Gupta of IIFL Securities says that they should maintain the trailing stop loss for the stock. 1055 each level.
Advising positional investors to invest for long term; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “SBI Life is a subsidiary of State Bank of India and post listing of LIC shares, other insurance stocks are facing difficulty in attracting high net worth investors for some time. Hence, positional investors are advised to take a long term view and invest in SIP mode. This will enable investors to maximize their returns over the long term.”
SBI Life Share Price History
On 17 January 2022, the share price of SBI Life reached its new 52-week high 1,293.25 while its 52-week low on NSE is 845.10. Its current market capitalization is 1.16 lakh crore. The current trading volume of SBI Life shares is around 11.99 lakhs, which is much lower than its 20-day average volume of 14.51 lakhs. It has a P/E ratio of 84.81, which is slightly higher than the average sector P/E ratio of 82.69.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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