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SBI Life Share Price Target 2025: Shares of SBI Life Insurance surged as much as 4.48 per cent on Monday, October 27, 2025, to hit a new 52-week high of Rs 1,923 on the BSE. The rally came after the private life insurer reported steady September-quarter (Q2FY26) results, reflecting healthy growth and strong profitability.

At 12 AM, SBI Life shares were trading 3.47 per cent higher at Rs 1,904.40, up Rs 63.90 per share on BSE.

- FY26 guidance remains unchanged.

- Annual Premium Equivalent (APE) growth expected at 13–14 per cent, and Value of New Business (VNB) margin guided at 26–28 per cent.

- Protection segment grew 33 per cent, benefiting from high-margin products.

- The share of protection in individual APE to rise to 10 per cent.

- Changes in product mix and profile will help reduce GST impact.

- GST impact in 2HFY25 expected to be limited to 0.20–0.30 per cent.

- Solvency ratio stands strong at 1.94, well above the regulatory requirement of 1.5.

Brokerages turned more bullish following the Q2 results, citing strong margin expansion, contained GST impact, and resilient business mix.

- Citi maintained a Buy rating and raised target price to Rs 2,550 from Rs 2,500, implying a 34 per cent upside.

- It noted a 14 per cent YoY rise in VNB and margin expansion of 100 bps YoY to 27.9 per cent.

- Citi highlighted that the impact from the lack of input tax credit (ITC) was limited and management expects product mix changes to offset it.

- Morgan Stanley maintained Overweight, raising the target to Rs 2,310 from Rs 2,250.

- Goldman Sachs reiterated Buy with a higher target of Rs 2,130 from Rs 2,030.

- Jefferies also maintained Buy, lifting the target to Rs 2,270 from Rs 2,180. The brokerage said Q2 VNB of Rs 17 billion, up 14 per cent YoY, was above estimates, driven by better mix and stronger protection attachment.

- HSBC maintained Buy and raised the target to Rs 2,100 from Rs 2,050.

- Bernstein kept an Outperform rating, though it slightly trimmed its target to Rs 2,190 from Rs 2,275, citing muted growth but strong margins and minimal GST impact.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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