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SBI Life rises 3% after Motilal Oswal initiates coverage with 'Buy' rating

The brokerage expects the company to maintain its cost leadership with GWP remaining at nearly 10 per cent over FY23E.

Topics
SBI Life Insurance | Buzzing stocks | Markets

Swati Verma  |  New Delhi 

life insurance companies
Recently, NSE Indices, a subsidiary of the NSE announced that SBI Life along with Divi's Lab will enter the Nifty50 index from September 25, 2020.

Shares of rose 3 per cent on the BSE on Wednesday after the global brokerage firm Motilal Oswal Financial Services (MOFSL) initiated the coverage on the stock with a 'BUY' rating. The target price has been set at Rs 1,000 - up 20 per cent against Tuesday's close of Rs 836.30.

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First Published: Wed, September 02 2020. 12:13 IST
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