Should you buy, sell or hold SBI Life Insurance shares? Analysts weigh in

SBI Life Insurance Shares: Is SBI Life Insurance Company (SBILIFE) a good stock to play the insurance theme on Dalal Street at the current juncture? SBI Life Insurance shares are set to be in focus during Wednesday's session amid a 29 per cent rally on a year-to-date (YTD) basis and positive analyst views. 

SBI Life Insurance Company: How brokerage view the life insurance stock

Many brokerages have a positive outlook on SBI Life Insurance.

HSBC recently maintained a 'buy' rating on SBI Life and raised its target for the stock by Rs 60 - or 3.4 per cent - to Rs 1,850. 

Bernstein retained its 'outperform' rating on SBI Life Insurance Company with a target price of Rs 2,270. 

Zee Business analyst Kushal Gupta has a long-term 'buy' call on SBI Life Insurance with a one-year target of Rs 2,100. His target implies an upside of more than 19 per cent in the life insurance stock from Tuesday's close. 

According to Gupta, SBI Life is a good stock in the life insurance space given several positives including the company's return on capital employed (RoCE) of 15 per cent.

RoCE is a key measure of a company's financial efficiency. 

What is SBI Life Insurance Company and what does it do?

SBI Life Insurance is a joint venture (JV) between State Bank of India (SBI) - the country's largest lender - and BNP Paribas Cardif SA.

Incorporated in October 2000 and registered with insurance regulator IRDAI in March 2001, SBI Life Insurance is one of the most trusted life insurance companies in the country. 

SBI Life Insurance Company offers a diverse range of products catering to individuals and group customers through its protection, pension, savings, and health solutions.

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