Espresso Shot of the Day - SBI Life Insurance Company Ltd up by 8.79 percent

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Espresso Shot of the Day - SBI Life Insurance Company Ltd up by 8.79 percent

July 29, 2022
Espresso Shot of the Day - SBI Life Insurance Company Ltd up by 8.79 percent

SBI LIFE INSURANCE COMPANY LTD 1295.40 (+8.79%) BSE  INE123W01016 | 29th July 2022

https://www.myespresso.com/images/Binge-graph-image_SBI-Life-Insurance-Company-Ltd-202207291904182222829.jpg

SBI Life Insurance, one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life's diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions. Driven by its customer-first approach, SBI Life places great emphasis on maintaining world-class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.


Recent Drivers

  • SBI Life Insurance declared quarterly net profit at Rs 262.85 crores in June 2022, up 17.79% from Rs 223.16 crores in June 2021 on July 28, 2022.
  • SBI Life Insurance reported net sales at Rs 4,806.15 crores in June 2022.
  • The company displayed a strong show in Q1FY23, with 80% YoY growth in APE along with a sharp jump of 132% YoY in VNB.
  • The Board of Directors of SBI Life Insurance, in a meeting held on July 20, 2022, has approved the appointment of Mr. Swaminathan Janakiraman as a Non-Executive Nominee of the company with effect from July 20, 2022, subject to regulatory approval.
  • SBI Life Insurance has allotted 41,350 equity shares under ESOS. Post the allotment of the shares, the company's paid up equity share capital is Rs 10,00,47,87,750 as on June 21, 2022.


(Sources: BSE, Business Standard, Moneycontrol, Capital Market)


Technical Force*

  • S&P 200 month till date gain by 9.47%
  • 3 months avg. NSE volume: 1,130,180
  • Quantity traded: 3,15,188 |  Deliverable Quantity: 58,430 (18.54%)
  • The stock price jumped by more than 20% from a one-year-low level: 1305 (Mar 8, 2022)
  • Daily RSI (14) is at overbought territory today
  • 52-week-high: 1,305 | 52-week-low: 1003.6


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1802.23

1537.82

1367.03

1102.62

931.83

667.42

496.63

-

Fibonacci Pivot

1537.82

1371.57

1268.86

1202.71

1102.62

1002.52

936.37

833.66

667.42


Today’s Close

1295.40

SMA

BSE

10 DAY

1157.78

20 DAY

1075.58

50 DAY

879.67

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap: 1,29,602.02 crores

PE: -

OPM%: -

ROE%: -

Promoters holding %: 55.48

Prev. Close: 1190.7


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.