BUZZ-India's SBI Life hits 6-month high as analysts cheer new business strength

Reuters
04-25
BUZZ-India's SBI Life hits 6-month high as analysts cheer new business strength

** Shares of SBI Life Insurance Company SBIL.NS rise as much as 9.6% to 1,762 rupees, highest level since Oct. 21

** Stock last up 4%, among the few stocks trading higher in benchmark Nifty 50 .NSEI, last down 1.2%

** Co reported 10% on-year growth in Q4 value of new business, or expected profit from new policies

** Jefferies ("Buy") says VNB growth of 10% in Q4 "surprised positively", raises VNB estimates for FY26-27 by 7%

** Macquarie ("Neutral") says VNB growth in-line but margins (at 30.5%) "very big surprise"

** Emkay ("Buy") calls VNB margins "impressive performance", raises TP to 1,950 rupees from 1,850 rupees and dials up VNB margin estimates for FY26-27 by 50 bps

** YTD shares up 21%

(Reporting by Ashish Chandra and Hritam Mukherjee in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

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