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Star Health & Allied Insurance Company Ltd

Star Health & Allied Insurance Company Ltd (STARHEALTH)

₹563.4▲1.43%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Star Health & Allied Insurance Company Ltd share Performance

₹561.15
₹579.8
₹563.4
0.40%
Low
Day's Volatility:3.31%
High
2.91%
₹454.8
₹675
₹563.4
19.28%
Low
52 Weeks Volatility:39.08%
High
19.81%

Returns %
1 Month Return	2.17 %
3 Month Return	-0.38 %
1 Year Return	-5.78 %

Market Stats
Previous Close	₹571.60
Open	₹570.00
Volume	4.24L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹33,454.80Cr

Analyst Rating

based on 19 analysts

BUY

68.42%

Buy

0.00%

Hold

31.58%

Sell

Based on 19 analysts offering long term price targets for Star Health & Allied Insurance Company Ltd. An average target of ₹642.42

Source: S&P Global Market Intelligence

Company Information

Star Health and Allied Insurance Company Limited was founded in 2005 in Chennai with the aim of becoming India’s first standalone health insurance provider. With a long-standing relationship with banks in India, Star Health insurance has grown in stature and is now the third biggest health insurer in terms of market share with 15.35%. It offers policies customised around the needs of individuals, families and companies, through its network comprising agents, brokers and online format.

The company had a successful public issue in December 2021 with an allotment of Rs 6400 crore, including Rs 2000 crore being issued through a fresh issue and Rs 4400 crore through offer for sale, at the price of Rs 900 per share. As of 31st March 2022, Star Health had 807 branches in 26 states and 4 Union Territories throughout India as well as over 12820 affiliated hospitals across the country. With its wide coverage, Star Health is helping to make healthcare more accessible to all individuals, families and companies in India.

Share Price: ₹563.40 per share as on 02 May, 2024 04:01 PM
Market Capitalisation: ₹33,454.80Cr as of today
Listing date: 10 Dec, 2021

Organisation	Star Health & Allied Insurance Company Ltd
Headquarters
Industry	Insurance
E-voting on shares	Click here to vote

Key events for Star Health & Allied Insurance Company Ltd

Star Health Reports Strong Q4 Results and Highest-Ever Annual Profit - 02 May, 2024
Star Health & Allied Insurance Company Ltd reported strong Q4 results with significant YoY revenue and profit growth. The company also posted its highest-ever annual profit in FY24. Emkay Global Financial reduced its rating but management expects better-than-industry growth.
Star Health Reports Strong Q4 Results - 30 Apr, 2024
Star Health & Allied Insurance Company Ltd reported a 40% YoY increase in net profit for Q4 FY24 and an 18% YoY rise in gross written premium. The company posted a lower expense of management ratio and improved cashless claims pay-out. It has further strengthened its distribution network.
Star Health & Allied Insurance Company Ltd's High P/E Ratio Raises Concerns - 25 Apr, 2024
Despite having a forecast growth in line with the wider market, Star Health & Allied Insurance Company Ltd has a high P/E ratio of 41.5x, which is above most other companies. This suggests that its share price may not be supported by predicted future earnings, putting shareholders' investments at risk and potential investors at risk of paying an unnecessary premium.
Star Health Insurance Provides Healthcare for Senior Citizens - 23 Apr, 2024
Star Health Insurance has been providing healthcare and insurance to senior citizens with a practical approach, including telemedicine and regular health check-ups.
Star Health Insurance Receives CARE AA+ and CARE AA Ratings - 11 Apr, 2024
Star Health and Allied Insurance Company Limited has been rated CARE AA+; Stable; and CARE AA: Stable rating for a subordinate debt amounting to Rs 470 crore by CARE Ratings. The ratings factor in its leading market position in retail health, insurance space, comfortable solvency margins, and improving profitability metrics owing to strong underwriting practices.
Star Health Insurance Premiums Grow by 18% - 09 Apr, 2024
Star Health Insurance's March premiums grew by 18%, but the company continues to underperform relative to industry averages, losing market share compared to other standalone health insurance firms.
Star Health Partners with PhonePe for Health Insurance Options - 03 Apr, 2024
Star Health has partnered with PhonePe to provide customers with health insurance options through the app, including a comprehensive policy with coverage up to ₹1 crore and monthly/annual payment choices. The move aims to enhance flexibility and convenience while easing financial burdens.

Fundamentals of Star Health & Allied Insurance Company Ltd

Insights on Star Health & Allied Insurance Company Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 3.61% to 8.11% in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Life Insurance Corporation of India has given 77.9% return, outperforming this stock by 83.6%
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 4.96% to 4.36% in Mar 2024 quarter
NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 57.94% to 57.92% in Mar 2024 quarter
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 14.61% to 14.24% in Mar 2024 quarter
NEGATIVE IMPACT
Price Dip
In the last 1 year, STARHEALTH stock has moved down by -5.8%

Mutual Fund Holdings

Funds	Holdings
ICICI Prudential India Opportunities Fund Direct Growth	1.03%
Motilal Oswal Focused Direct Growth	8.84%
ICICI Prudential Large & Mid Cap Fund Direct Plan Growth	1.03%
ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth	0.93%
ICICI Prudential Multicap Fund Direct Plan Growth	1.01%