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SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results

Correction in SBI Life stock an opportunity for long-term investors



Shares of SBI Life Insurance Company rallied 9.6 per cent to Rs 1,304.45 on the BSE in Friday’s intra-day trade, thus hitting a new 52-week high. The insurer, on Thursday, reported 18 per cent year-on-year (YoY) growth in its net profit at Rs 263 crore in the April–June quarter (first quarter, or Q1) of 2022-23…


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