Page 4 - Star Health Insurance
Star Health Insurance earns net profit of Rs 102 cr in March quarter
Star Health and Allied Insurance on Friday reported Rs 102 crore net profit for the fourth quarter ended March 2023. The standalone health insurer had booked a loss of Rs 82 in the January-March quarter of the preceding fiscal. The insurer collected gross written premium (GWP) of Rs 4,199 crore in the quarter against Rs 3,689 crore in the year-ago period, it said in a regulatory filing. The net premium income increased to Rs 19,426.57 crore compared to Rs 14,289.66 crore. For the entire 2022-23, profit after tax (PAT) stood at Rs 619 crore against a loss of Rs 1,041 crore in FY22. "During the year ended March 31, 2023, the company pursuant to the approval received from the Insurance Regulatory and Development Authority of India (Irdai) has exercised Call Option and redeemed the Subordinated debenture in full on September 6, 2022, and October 29, 2022, amounting to Rs 200 crore and Rs 50 crore, respectively, including interest thereon," the insurer said. The corresponding debentur
Rakesh Jhunjhunwala-owned stocks trade mixed. Should you buy, sell, hold?
The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally
 "Rakesh Jhunjhunwala-owned stocks trade mixed. Should you buy, sell, hold?")
These Rakesh Jhujhunwala-owned stocks can rally up to 20%, charts suggest
Titan and Escorts look promising on the charts, while Star Health and Allied Insurance, Nazara Technologies and Rallis India need to conquer major hurdles for further gains, technical charts suggest.
 "These Rakesh Jhujhunwala-owned stocks can rally up to 20%, charts suggest")
This Rakesh Jhunjhunwala-owned stock has surged 64% from July's record low
Star Healthcare rallied 10% to Rs 768 in intra-day today, and has rebounded 64% from its record low of Rs 469.05 touched on July 1, 2022.
 "This Rakesh Jhunjhunwala-owned stock has surged 64% from July's record low")
This Rakesh Jhunjhunwala-owned stock slipped 31% in 12 trading days
Star Health quoted lower for 12th straight trading day and has slipped 31 per cent to Rs 488.5 from Rs 703.35 that it had touched on June 14, 2022
 "This Rakesh Jhunjhunwala-owned stock slipped 31% in 12 trading days")
This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price
Star Health hit a record low of Rs 595, slipping 2.5 per cent on the BSE, its lowest level since its stock market debut.
 "This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price")
Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
 "Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health")
Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
 "Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO")
Insurance Gazette: Some discipline is needed in the healthcare ecosystem
Industry leaders speak about the learnings over the past year and the opportunities for progress that the pandemic has provided
Sensex, Nifty end flat; Star Health settles at issue price; PSBs shine
The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively
 "Sensex, Nifty end flat; Star Health settles at issue price; PSBs shine")
Star Health lists at 6% discount against issue price of Rs 900 a piece
The stock listed at Rs 845, 6 per cent below its issue price of Rs 900 per share on the National Stock Exchange
 "Star Health lists at 6% discount against issue price of Rs 900 a piece")
Stocks to Watch: Paytm, Star Health, Rel Cap, Ujjivan SFB, BPCL, telcos
Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user
 "Stocks to Watch: Paytm, Star Health, Rel Cap, Ujjivan SFB, BPCL, telcos")
Paytm, Star Health IPOs show retail investors' psyche: Analysts
Paytm's IPO was subscribed 1.89 times and Star Health's offer was subscribed 79 per cent
 "Paytm, Star Health IPOs show retail investors' psyche: Analysts")
Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level
Star Health cuts IPO size after tepid subscription; Tega Industries closes IPO with over 200 times subscription
 "Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level")
Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent
 "Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh")
Insurer Star Health cuts IPO size after tepid subscription
It was subscribed at just 79%, getting bids worth $427.37 million, despite it extending the subscription period for its offering
 "Insurer Star Health cuts IPO size after tepid subscription")
Star Health's IPO scrapes through as investment bankers prune OFS component
The Rs 7,240-cr issue received just 79% subscription before I-bankers stepped in
Markets today - IT stocks set to dazzle on the bourses
Frontline indices fell nearly 4 per cent in November. But, analysts expect sectoral-rotation to take place from here on. This report delves into one such sector and the stocks that are likely to shine
 "Markets today - IT stocks set to dazzle on the bourses")
Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO
Say it stands to benefit as market leader in health space, but risk of fresh Covid wave may weigh on profitability
 "Brokerages give thumbs up to Rakesh Jhunjhunwala-backed Star Health's IPO")
Star Health IPO: Brokerages list positives & negatives
The IPO will be open for subscription from November 30 to December 02, in the price band of Rs 870 to Rs 900