SBI Life Share price: Jefferies maintains Buy rating with target price of Rs 1110
SBI Life is quite optimistic about a rebound in premiums led by a combination of cross-sell by SBI, penetration into new bank partners' clients and new product launches. It also sees scope for expansion in margins with better product mix & cost controls. SBI Life's targeted client base can have overlaps with LIC's target segment and that would need to be watched.
Jefferies maintains Buy rating on SBI Life with a price target of Rs 1110. SBI Life share price closed yesterday at Rs 923.85, up Rs 20 or 2.25%: Reuters