SBI Life Insurance Company Ltd’s stock price rose for the third consecutive session, reaching Rs 1848.5, a 1.64% increase as of 12:49 IST on the National Stock Exchange (NSE). Over the past year, the stock has surged 26.44%, outpacing the NIFTY’s 6.4% gain and the Nifty Financial Services index’s 14.36% increase.
The stock’s recent performance has been notable, with a 2.6% gain in the last month. The Nifty Financial Services index, which includes SBI Life Insurance Company Ltd, rose 1.11% in the same period and was up 1.24% on the day, quoting at 26556.5. The benchmark NIFTY was up around 1.07% on the day, at 25239.9, while the Sensex stood at 82763.96, a 1.06% increase.
Trading volume for SBI Life Insurance Company Ltd was 3.27 lakh shares, significantly lower than its daily average of 10.64 lakh shares over the last month. The June futures contract for the stock was at Rs 1848.5, up 1.47% on the day.
The stock’s price-to-earnings (PE) ratio is 75.54 based on trailing twelve months (TTM) earnings ending March 25.
