ICICI Prudential Life Insurance, SJVN and Jindal Stainless to see some action today

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

19 Apr 2022 Evaluate

ICICI Prudential Life Insurance is on course to meet the target of doubling the value of new business this fiscal from the FY19 levels, as the largest private-sector life insurer expects to continue the good run it had in FY22 and expand the margin by 22 per cent. It had nearly trebled the net income in the March quarter on the back of robust margin growth from new sales. The ICICI Group firm had in FY19 set a target of doubling the value of its new business (VNB) by FY23 -- from Rs 1,328 crore in FY19 to Rs 2,650 crore by FY23.

SJVN has achieved financial closure by signing of loan agreement amounting to Rs 494.00 crore with Himachal Pradesh State Co-Operative Bank for development of 66 MW Dhaulasidh HEP (DSHEP) coming under Hamirpur and Kangra District of Himachal Pradesh. The project has already commenced its construction activities since May 2021 and moving fast forward to generate 304 Million unit in a 90% dependable year of clean Hydro Power from FY 2025-26 with levelized tariff of Rs. 4.46/Kwh. The total project cost of Rs 688 crore of DSHEP has to be financed through a Debt Equity Ratio of 80:20.

Jindal Stainless (JSL) is keen make an investment in the renewable energy sector to set up 300 MW solar and wind capacities in three states. There will be no more investments in thermal energy.

State Bank of India (SBI) has raised $500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch. The facility is for $400 million plus $100 million as a green shoe option.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has opened bookings for the all-new Discovery Metropolitan Edition with prices starting from Rs 1.26 crore (ex-showroom). The latest seven-seater SUV comes with many upgrades and enhanced new age features.

Rail Vikas Nigam (RVNL) has entered into an MoU with Mahanadi Coalfields (MCL), a subsidiary of Coal India (a Govt. of India undertaking under the Ministry of Coal & Mines), for entrusting Project Management Consultancy for Rail Infrastructure works of MCL to RVNL from concept to commissioning.

LT Foods’ flagship brand -- Daawat has launched a new communication to celebrate Biryani in Eid. The New Eid TVC (television commercial) aims at positioning Daawat Biryani as one of the most integral & coveted food especially during the festival times to welcome families & friends at home. Daawat the Finest Basmati Rice from LT Foods has always given its consumers in India & around the globe reasons to rejoice & cherish those special occasions in their lives.

State Bank Of India Share Price

1047.20 20.10 (1.96%)

01-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
State Bank Of India	1047.20
PNB	107.50
Bank Of Baroda	271.50
Canara Bank	126.15
Union Bank Of India	174.85
View more..

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.