SBI Life hits new high; rallies 24% in 2 months on strong business outlook

With SBI Life's distribution channels firing on all cylinders, expanding product offerings and increasing acceptance, analysts expects robust growth to continue in FY23 and beyond

Shares of SBI Life Insurance Company hit a new high of Rs 1,332.30, up 2 per cent on the BSE in Thursday's intra-day trade, in an otherwise subdued market on expectation of robust growth outlook. The stock of the insurance company has rallied 24 per cent in the past two months, while it has surged 16 per cent in the past six months. This compares with a 4 per cent rise in the S&P BSE Sensex during the six-month period. SBI Life is a subsidiary company of State Bank of India (SBI).

SBI Life reported an impressive all-round performance