Target: ₹700CMP: ₹558.05We initiate coverage on Star Health and Allied Insurance (STAR) with a Buy rating and a 12-month target price of ₹700. STAR is India’s largest retail health insurer with a 32 per cent market share in retail health in 9MFY24. We expect STAR to grow its GDPI/EPS at 18 per cent/24 per cent CAGR over FY24-26, driven by rising health insurance penetration, unparalleled agency distribution, competitive product portfolio and industry leading underwriting performance….
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Source: https://www.thehindubusinessline.com/markets/brokers-call-star-health-buy/article67788883.ece/amp/