India's Star Health and Allied Insurance rises after Q4 profit jump

Star Health and Allied Insurance

30/04/2024 09:52

** Shares of Star Health and Allied Insurance  STAU.NS  up
2.1% at 573.30 rupees
    ** Health insurer says its Q4 PAT jumped ~40% Y/Y while
gross written premium rose 18.3% Y/Y
    ** Trading vol 1.5x 30-day daily avg
    ** Avg rating of 18 analysts close to equivalent of "buy",
median PT is 675 rupees - LSEG data 
    ** Larger peers ICICI Prudential Life Insurance  ICIR.NS ,
HDFC Life Insurance  HDFL.NS  also have "buy" rating
    ** YTD, STAU is up 7.2% and ICIR is up 6.9% while HDFL is
down 9.5%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))