SBI Life extends rally on strong June quarter earnings

In the past six months, the stock has rallied 48 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex

Shares of SBI Life Insurance Company were trading 3 per cent higher at Rs 838 per share on the BSE on Friday, extending a 5 per cent rally seen on Wednesday, in an otherwise weak market on expectations of strong growth outlook. The stock was trading at its highest level since it got listed at the exchanges on October 3, 2017. During the past six months, it has rallied 48 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex.

SBI Life reported a strong set of results in the April-June quarter (Q1FY20), with 49