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hsbc keeps buy rating on sbi life, target rs 1,790 -q4 saw healthy ape growth, sequential margin expansion, lower costs -in q4 company posted an improvement in persistency were key positives -estimate a stable operating performance with ape cagr of 16 percent -average margins of 29 percent over fy24-27 -valuing company at 2.2x fy26 ev per share
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