India's SBI Life gains on upbeat first-quarter results

Sbi Life Insurance

25/07/2025 05:02

** India's SBI Life Insurance SBIL.NS climbs 2.5% to 1,839.40 rupees

** Life insurer reports 14% y/y rise in Q1 profit on healthy premiums from policy renewals

** SBIL top gainer on the financials index .NIFTYFIN and benchmark Nifty 50 .NSEI, which are trading 0.8% and 0.6% lower, respectively

** Growth in protection policy plans is a "durable positive," say Morgan Stanley analysts ("overweight," PT: 2,115 rupees)

** Jefferies ("buy," PT: 2,180 rupees) says SBIL's value of new business margins above estimates

** Says an uptick in high margin segments like group protection policies is aiding margins

** JP Morgan ("overweight," PT: 2,180 rupees) says SBIL's Q1 results "a clean beat" and shows growth trajectory is on track

** At least 13 analysts hiked their PTs on "buy" rated SBIL, lifting the median PT to 2,100 rupees from 1,950 rupees last month - data compiled by LSEG

** Stock extends YTD gains to 32.2%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))