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Shares of SBI Life Insurance Company surged 5 per cent to Rs 1,005 on the BSE in intra-day trade on Tuesday after the company reported healthy premium growth, improved profitability and strong value of new business (VNB) margin uptick. The stock hit a 52-week high today, quoting close to its record high level of Rs 1,030, touched on October 30, 2019.
However, at 09:42 am, the stock had erased its entire morning gain, and was trading 1 per cent lower at Rs 948, falling 6 per cent from its intra-day high. In comparison, the S&P BSE Sensex was flat
However, at 09:42 am, the stock had erased its entire morning gain, and was trading 1 per cent lower at Rs 948, falling 6 per cent from its intra-day high. In comparison, the S&P BSE Sensex was flat
