Buy ICICI Prudential Life Insurance Company Limited and SBI Life Insurance Company Limited

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Buy ICICI Prudential Life Insurance Company Limited:

ICICI Prudential Life Insurance Company Ltd. officially announced consolidated sales of Rs. 623.78 Cr for the third quarter ended 31-12-2020 which is 0.06% higher than the previous quarter’s revenue of Rs. 623.39 Cr and 13.63% less than last year, the same quarter sales of Rs. 548.96 Cr. The company reported net income after tax of Rs. 304.30 Cr in the previous quarter.

Outlook:

ICICI Prudential Life Insurance Company Ltd: Experts recommend calling to buy at current market price: Rs. 551.70 with a target price: Rs. 573; Stoploss: Rs. 540.

Buy SBI Life Insurance Company Limited:

SBI_Life_Insurance_Company_Limited.

SBI Life Insurance Company Ltd. officially announced consolidated sales of Rs. 241.76 Cr for the third quarter ended 31-12-2020 which is -21.17% less than the previous quarter’s sales of Rs. 306.70 Cr and -45.84% from last year’s sales of Rs. 446, 34 Cr. The company reported net income after tax of Rs. 232.85 Cr in the previous quarter.

Outlook:

SBI Life Insurance Company Ltd: Experts recommend calling to buy at the current market price: Rs. 958.60 with a price target: Rs. 1,000; Stoploss: Rs. 950.

Disclaimer: The perspectives and investment tips given in this section are from the expert and not the website or its management. We encourage our clients to check with certified experts before taking a position in the stocks mentioned.

Post Buy ICICI Prudential Life Insurance Company Limited and SBI Life Insurance Company Limited first appeared on Stock Investor.

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