Expert pegs SBI Life share price target at Rs 975, stop-loss at Rs 874
Ashis Biswas, Head of Technical Research at CapitalVia Global Research says that SBI Life has broken its resistance around Rs 900 recently. The stock has picked up momentum since then, indicating that the stock is likely to continue its upmove further. Ashis put a buy rating on SBI Life with the target of Rs 975. He added, "Investors are advised to maintain a stop-loss of Rs 874."
Motilal Oswal highlighted that the shift in product mix toward higher-margin Protection and Annuity business would continue to drive improvement in VNB margins: Reuters