Analysts expect the markets to remain volatile in the immediate short-term in the backdrop of tepid corporate earnings, Rupee movement and Donald Trump's tariff threats.
Technically, this Rakesh Jhunjhunwala-backed stock is seen headed towards its monthly trend line support; break of the same can invite a further fall at the counter. Check key levels here.
In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex
Star Health reported an 11 per cent drop in profit after tax (PAT) to Rs 111 crore during the quarter ended September 30, down from Rs 125 crore in the corresponding quarter last year
The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms
Plan allows customers to make multiple claims within same policy year
Star Health and Allied Insurance Company shares hit a 52-week low of Rs 463, down 4% in intra-day deal and trading near its all-time low of Rs 451.10 hit on January 30, 2023.
Star Health's total expenses also increased 18.7 per cent to Rs 3,898.58 crore in the quarter under review as compared to Rs 3,283.99 crore
In August, Star Health faced a data leak, where stolen customer data including medical reports, were publicly accessible via chatbots on messaging app Telegram and through websites
The company, whose shares have declined 11 per cent, has launched internal investigations and has taken legal action against Telegram and the hacker
Investigation comes after the hacker, an individual dubbed xenZen, publicly asserted on his website that the executive had 'sold all this data to me'
Star also sued Telegram and hacker xenZen, after it was reported that sensitive personal data, from numbers to copies of identity cards and blood reports of customers, were publicly accessible