India's Star Health slips most in over 6 months on multiple block deals

Star Health and Allied Insurance

26/05/2023 07:20

** Shares of Star Health and Allied Insurance Company Ltd
 STAU.NS  fall as much as 7.8% to 538.05 rupees, biggest
intraday pct loss since Nov. 9
    ** As many as 5,079,395 shares traded in 15 block deals at
price range of 548 rupees to 555.60 rupees, as at 9:30 a.m. IST
    ** If trends hold, stock on track to fall for third
consecutive session
    ** Moving Average Convergence Divergence (MACD) line is
under signal line, suggesting bearish bias 
    ** Trading volume at 7.5 mln shares by 11:46 a.m. IST, 28.1x
the 30-day avg - Refinitiv Data
    ** Eleven of the 17 analysts have "buy" or higher rating on
stock, one has "hold", while five recommend "sell" or lower;
median PT is 700 rupees
    ** Stock last down 6.4%, turning YTD gains to losses of 3.4%

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))