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Buy Star Health and Allied Insurance Company, target price Rs 860: Emkay Global

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Emkay Global has buy call on with a target price of Rs 860. The current market price of Star Health and Allied Insurance Company Ltd. is Rs 695.75.

Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 40073.53 Crore) operating in Financial Services sector.

Star Health and Allied Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned, Interest & Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 3002.62 Crore, up 3.79 % from last quarter Total Income of Rs 2892.91 Crore and up 10.83 % from last year same quarter Total Income of Rs 2709.24 Crore. Company reported net profit after tax of Rs 93.10 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.84 per cent stake in the company as of 30-Jun-2022, while FIIs owned 34.7 per cent, DIIs 2.11 per cent.

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