India's Star Health and Allied Insurance Company rises on growth in premiums

Star Health and Allied Insurance

11/04/2023 05:27

** Shares of Star Health and Allied Insurance Company Ltd  STAU.NS  rise as
much as 3.7% to 587.1 rupees, their highest since March 8
    ** Insurance services provider says its March-quarter total gross direct
premium rose 13% Y/Y to 114.64 billion rupees ($1.40 billion)
    ** Stock trading above its 50- and 100-day simple moving averages,
indicating bullish sentiment
    ** Thirteen of 18 analysts covering STAU have a "buy" or "strong buy"
rating, 1 has "hold" while 4 rate it at "sell" or "strong sell"; median PT is
675 rupees - Refinitiv data
    ** Stock down 0.05% YTD, as of last close


($1 = 82.0275 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))