India's Star Health gains on strong premium growth in May

Star Health and Allied Insurance

14/06/2024 10:51

** Shares of Star Health and Allied Insurance  STAU.NS  gain
2.4% to 529.30 rupees
    ** Gross direct premium for May rose 16% Y/Y for STAU as per
preliminary insurance data from General Insurance Council
    ** Star Health up 5.1% so far this week, seeing its best
weekly gain in nearly a year
    ** Still, stock down 1.1% YTD, worst performer among
non-life insurers 

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))