Goldman Sachs (GS) has maintained its ‘buy’ rating on SBI Life Insurance, raising the target price to ₹1,800 from ₹1,770. The brokerage has marginally increased its FY25-27 value of new business (VNB) estimates by up to 1%, reflecting optimism about the company’s growth prospects.
SBI Life’s SBI channel has shown an improvement in growth, while the company has maintained its FY25 guidance of 15% growth in retail annual premium equivalent (APE). At the current market price (CMP) of ₹1,539.05, GS’s target price implies a 17% upside potential.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with their financial advisor before making any investment decisions.