360 ONE Capital sets INR 2,380 target for SBI Life stock

Published on 10/09/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

360 ONE Capital named an INR 2,380 target on October 2, 2026. For SBI Life stock, Q1 FY27 net income was INR 7.25 billion, up 22 percent.

360 ONE Capital Research named SBI Life a Buy with an INR 2,380 target on October 2, 2026.
SBI Life reported Q1 FY27 net income of INR 7.25 billion, up 22 percent year over year.
The October 9 NSE quote was INR 1,682.10, while market capitalization was INR 1.7 trillion.
September total annualized premium equivalent declined 1 percent year over year.

SBI Life stock, life insurance, analyst target, quarterly results, NSE, Illustration mit AI erstellt.

360 ONE Capital Research named SBI Life a Buy with an INR 2,380 target on October 2, 2026, according to The Economic Times. The brokerage cited retail annualized premium equivalent growth, agency expansion, non-SBI bancassurance and new products as support for mid-teens growth.

What does the target mean?

The target stands against an October 9 NSE quote of INR 1,682.10. The market capitalization was INR 1.7 trillion on the same date, and the 52-week range was INR 1,652.90 to INR 2,132.00.

The gap between the target and the NSE quote is INR 697.90, or 41.49 percent of the quote. That comparison shows why valuation and premium growth remain central to the SBI Life discussion, rather than the target alone.

Q1 FY27 delivered higher profit

For the first quarter of fiscal year 2027, SBI Life reported revenue of INR 463.7 billion, up 19 percent from the first quarter of fiscal year 2026. Net income reached INR 7.25 billion, an increase of 22 percent year over year, while profit margin rose to 1.6 percent from 1.5 percent, according to Simply Wall St.

The earnings mix still carries a clear counterweight. Operating expense ratio rose to 7.7 percent from 6.3 percent year over year, while value of new business rose 29 percent to INR 14.1 billion, according to Investing.com.

Premium growth needs monitoring

September data added a more cautious operating signal. SBI Life total annualized premium equivalent declined 1 percent year over year, while private insurers recorded 24 percent growth across total annualized premium equivalent, per CNBC TV18. The contrast puts the INR 2,380 target alongside a measurable execution test: premium growth must broaden beyond the strongest distribution channels.

On October 9, 2026, SBI Life was quoted at INR 1,682.10 on the NSE, with the 52-week low at INR 1,652.90 and the 52-week high at INR 2,132.00. The next reported earnings date listed by Investing.com is October 28, 2026.