SBI Life Insurance Company Limited experienced a significant decline in market capitalization on October 8, 2024, as the stock dropped by 2.98%. The stock opened at ₹1,785.00, hit a low of ₹1,734.50, and closed at ₹1,734.65, down from the previous close of ₹1,787.95.
As a result of this drop, SBI Life’s market capitalization fell by ₹5,331.82 crores, bringing the total market cap to ₹1,74,024.17 crores. Despite the decline, the stock saw a traded volume of 10.75 lakh shares with a total traded value of ₹189.16 crores.
The broader market sentiment reflected the cautious approach of investors, impacting SBI Life’s stock performance.
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