With a price-to-earnings (or “P/E”) ratio of 41.5x Star Health and Allied Insurance Company Limited (NSE:STARHEALTH) may be sending bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 31x and even P/E’s lower than 17x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E. Star Health and Allied Insurance certainly has been doing a good job lately as it’s been growing…
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