India's Star Health and Allied Insurance hits near 3-wk high

Star Health and Allied Insurance

10/10/2022 05:43

** Shares of Star Health and Allied Insurance Company Ltd
 STAU.NS  rise as much as 3.2% to 742 rupees, their highest
since Sept. 20
    ** Insurance services provider late on Friday said its total
gross direct premium as of Sept.-end stood at 56.55 billion
rupees ($686.55 million), up 12% YOY
    ** Stock up for fourth straight session
    ** More than 246,000 shares traded as of 0437 GMT, vs their
30-day avg of 326,629 shares
    ** Nine of 16 brokerages rate the stock "buy" or higher, 1
"hold" and 6 "sell" or lower; their median PT is 821 rupees -
Refinitiv data
    ** Shares down 8.7% YTD, as of last close
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))