{
}
Analysts at BNP Paribas have set target prices for several major companies, with Reliance Industries at Rs 1,650 and Tata Consultancy Services at Rs 4,750. They project a Nifty target of 25,500 for CY25, citing challenges like food inflation and rising US bond yields, while favoring large-cap stocks and banks due to strong earnings growth prospects. Other notable targets include HDFC Bank at Rs 2,550 and Bajaj Finance at Rs 10,000, amidst a mixed earnings outlook and a potential slowdown in Indian equities.
Indian equity markets closed lower on January 3, with the Sensex dropping 720.60 points to 79,223.11 and the Nifty falling 184 points to 24,004.75. Tata Motors and Nestle India were the top gainers, while Zomato and HDFC Bank led the losses. Market sentiment remains cautious amid concerns over slowing growth and foreign fund outflows.
SBI Life Insurance, the largest private life insurer with a 22.7% market share, has seen its stock drop 26% from a 52-week high due to a lackluster Q2 FY25 performance and regulatory concerns regarding bancassurance activities. Despite this correction, improved medium-term outlooks and valuation considerations suggest potential for recovery.
In a volatile session on December 5, the Indian equity market closed higher, with Nifty surpassing 24,700 for the fifth consecutive session, driven by broad-based buying except in the realty sector. The Sensex rose by 809.53 points to 81,765.86, while Nifty gained 240.95 points to close at 24,708.40. Key gainers included TCS, Infosys, and Titan Company, while SBI Life Insurance and Bajaj Auto were among the notable losers, as investors remained cautious ahead of the Reserve Bank of India's policy announcement.
Indian benchmark indices faced pressure on November 21, with the Nifty falling below 23,300 and the Sensex down 422.59 points, or 0.54%, closing at 77,155.79. The decline was driven by weak global cues and significant selling in Adani Group stocks following bribery charges against Gautam Adani. Major losers included Adani Enterprises and SBI, while Power Grid Corp and UltraTech Cement were among the gainers.
Benchmark indices Nifty and Sensex fell sharply on November 21, with the Sensex down 422.59 points and the Nifty down 168.60 points, amid concerns over bribery charges against Gautam Adani. The allegations, which involve bribing Indian officials for solar energy contracts, led to a significant sell-off in Adani Group stocks, causing a loss of Rs 2.2 lakh crore in market capitalization. The negative sentiment affected various sectors, particularly public sector banks, as 2,606 shares declined against 1,179 that advanced.
Indian equity markets ended a seven-day losing streak on November 19, with the Nifty closing at 23,518.50, up 64.70 points or 0.28%. Key gainers included M&M, Trent, and HDFC Bank, while SBI Life Insurance and Reliance Industries were among the top losers. The market was closed on November 20 for Maharashtra Assembly polls, with sectors like media, auto, and realty showing gains, while metal and oil & gas sectors declined.
Nifty and Sensex continued their decline for a second consecutive session on October 31, influenced by weak global cues, particularly from the US economy. The Sensex fell by 87.90 points to 79,854.28, while the Nifty dropped 10.60 points to 24,330.20. Despite domestic investors buying the dips, market sentiment is expected to remain negative until foreign institutional investors reduce their selling.
SBI Life Insurance Company reported a Gross Written Premium (GWP) of INR 204,132 Mn for Q2FY25, reflecting a 1.2% YoY growth, driven by a 15.8% increase in renewal premiums. The Value of New Business (VNB) declined by 2.7% YoY, while PAT grew by 39.3% YoY to INR 5,294 Mn. The target price is revised to INR 1,901 per share, maintaining a "BUY" rating.
SBI Life Insurance reported a weak performance in 2QFY25, with APE growth of 3% YoY to INR53.9b and a 3% decline in VNB to INR14.5b. Despite this, the management anticipates VNB growth of 12-15% for FY25 and maintains a BUY rating with a target price of INR2,100, supported by strong ULIP growth and new product launches.
SBI Life Insurance Company Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bnpparibas sets target prices for major companies amid market challenges
Indian Rupee
United States Dollar
ICICI Bank Limited
Axis Bank Ltd
Bajaj Finance FUT, January 2025
Mahindra & Mahindra Ltd
Infosys Ltd
Reliance Industries Ltd
Metropolis Healthcare Limited
Tata Consultancy Services Limited
SBI Life Insurance Company Limited
Havells India Limited
Hindustan Unilever Limited
Maruti Suzuki India FUT, Januar
Aster DM Healthcare Limited
HDFC Bank Ltd
Bharti Airtel Ltd.
Larsen & Toubro Ltd
USA
IND
Show more
10:57 22.01.2025
Indian markets decline as Tata Motors and Nestle India shine among gainers
Apollo Hospitals Enterprise Limited
Godrej Properties Limited
HDFC Bank Ltd
Zomato Limited
Nestlé India Limited
Tata Motors FUT, January 2025,
Yes Bank Limited
SBI Life Insurance Company Limited
Wipro Ltd
CIPLA LTD
CGN POWER
Tech Mahindra Limited
Aurobindo Pharma Limited
Polycab India Limited
KPIT Technologies Limited
IND
Prashanth Tapse
Donald Trump
Show more
11:40 03.01.2025
SBI Life Insurance Stock Sees 26 Percent Correction Amid Regulatory Concerns
06:03 06.12.2024
Indian Markets Rally as Nifty Surpasses 24700 Ahead of RBI Policy Decision
Trent
Titan Company Limited
Dr Reddy's Labs
SBI Life Insurance Company Limited
Bajaj Auto Limited
Grasim Industries Ltd
Infosys Ltd
HDFC Life
NTPC Limited
TCS
IND
Trent Olsen
Show more
11:12 05.12.2024
Indian markets decline as Adani stocks plummet amid geopolitical tensions
United States Dollar
Adani Enterprises Limited
Grasim Industries Limited
UltraTech Cement Limited
HCL Technologies Limited
NTPC Limited
SBI Life Insurance Company Limited
Adani Ports
SBI
Hindalco Industries Limited
Power Grid Corporation of India Limited
IND
Gautam Adani
Show more
11:17 21.11.2024
Adani bribery charges trigger market plunge as Sensex and Nifty decline
11:10 21.11.2024
Indian markets rebound after seven-day decline amid mixed global cues
Indian Rupee
Tata Consumer Products Limited
HDFC Life
Hindalco
HDFC Bank Limited
Eicher Motors Limited
SBI Life Insurance Company Limited
Tech Mahindra Limited
Reliance Industries Limited
IND
Show more
03:11 21.11.2024
Nifty and Sensex decline as global cues weigh on market sentiment
United States Dollar
SBI Life Insurance Company Limited
L&T
Hero MotoCorp Limited
DR Reddy's Laboratoire Ltd.
Cipla Limited
IND
Ruchit Jain
Show more
05:03 31.10.2024
SBI Life Insurance Company maintains buy rating with revised target price
10:36 25.10.2024
SBI Life Insurance receives buy rating with target price of 2100 rupees
16:04 24.10.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People: