10 months ago

Star Health Shares Rise 4% After Strong Q2 Results and Analyst Upgrade

Star Health Shares Rise 4% After Strong Q2 Results and Analyst Upgrade
Jhunjhunwala's Star Health shares rise 4% today; more upside ahead? · businesstoday.in

Imagine a company that sells health insurance called Star Health.

Its stock price went up by almost 4% recently.

This happened after they shared their financial results for the period ending in September, which looked good.

A financial advisor company also said that buying this stock might be a good idea now and set a higher price goal for it.

Star Health has been changing how it works, like raising prices a bit for its regular customers and focusing less on big company deals to make more profit.

They've also stopped selling a certain type of insurance for employee groups and now only focus on individuals and small businesses.

This strategy seems to be working, as their rate of paying out claims went down.

Many people who buy insurance for the first time are choosing Star Health, and their sales are growing, especially online.

Because of these good signs, the financial advisor believes the stock price could go up even more.

Key facts

Company
Star Health and Allied Insurance
Investor Stakeholder
Rekha Jhunjhunwala
Stock Movement
Rose nearly 4% on Friday trade
Analyst Upgrade
JM Financial upgraded to 'Add' from 'Hold'
New Target Price
Rs 525
September Quarter Claims Ratio
71.5%
Retail Business Share
95% of total portfolio

Quotes

JM Financial

a brokerage firm

“After poor claims performance in 1HFY25, the company had taken targeted price hikes in its retail portfolio and cut its loss-making corporate business, instead focusing on SMEs.”
businesstoday.in
“We believe these aspects would be rewarded by markets”
businesstoday.in

Sources

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