This life insurance company's stock can yield 28% return - check target price

SBI Life Share Price: Domestic brokerage firm Motilal Oswal Financial Services is upbeat on SBI Life. It has tagged a 'buy' rating on the counter. The firm said that SBI Life can deliver strong returns from the current levels in long term. According to the brokerage report, SBI Life is the most preferred stock in the life insurance sector. The company offers a wide range of products with strong distribution capability.

Motilal Oswal has recommended SBI Life shares for a price target of Rs 1600, implying a return of 28 per cent from Thursday's close of Rs 1244.75 on NSE.

According to Motilal Oswal Financial Services, the market share of SBI Life is continuously increasing. The focus of the insurance company is on protection and non-perpetual savings in the annuity segment.

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SBI Life Share Price History NSE

The stock has given a return of about 11 per cent in the last one year. Putting into perspective, SBI Life stock which was available for Rs 1125.45 apiece on January 3, is now available at around Rs 1245. YTD, it has gained only 3 per cent. 

At current levels, the company has a market cap of Rs 1.25 lakh crore. The 52-week high of the stock is Rs 1,340.35 while the 52-week low is Rs 1,003.50.

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