India's Star Health slides as Q2 profit slumps

Star Health and Allied Insurance

30/10/2024 09:07

** Shares of Star Health And Allied Insurance  STAU.NS  fall
as much as 6.6% to 500.7 rupees
    ** Co's Q2 PAT dropped 74% y/y, while net premium earned
fell 48.7%
    ** Over 1.8 mln shares traded, 2.1x the 30-day moving avg
    ** 20 analysts avg rating is "buy" and median PT is 670
rupees, 30% higher than current price - LSEG data
    ** STAU down ~3% YTD
 
 ($1 = 84.0750 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))