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Star Health & Allied Insurance Company Ltd share price logo

Star Health & Allied Insurance Company Ltd

(STARHEALTH)

₹536.250.95%

as on 04:01PM, 29 Oct 2024

🔔 Investigation Alert

Star Health's independent investigation found no wrongdoing by its chief information security officer in a data leak incident, stating communications were fabricated by a hacker.

Overview
News
Financials
Q2 2024 Results
Technicals

Star Health & Allied Insurance Company Ltd Analyst Rating

based on 22 analysts

BUY

68.18%

Buy

9.09%

Hold

22.73%

Sell

Based on 22 analysts offering long term price targets for Star Health & Allied Insurance Company Ltd. An average target of ₹670.27

Source: S&P Global Market Intelligence

Star Health & Allied Insurance Company Ltd Share analysis

Star Health & Allied Insurance Company Ltd price forecast by 22 analysts

Upside of23.80%

High

₹750

Target

₹670.27

Low

₹550

Star Health & Allied Insurance Company Ltd target price ₹670.27, a slight upside of 23.8% compared to current price of ₹536.25. According to 22 analysts rating.

Source: S&P Global Market Intelligence

Star Health & Allied Insurance Company Ltd Performance

  • Day's Low

    Day's High

    ₹530
    ₹543.9
  • 52 Week's Low

    52 Week's High

    ₹454.8
    ₹647
1 Month Return-10.82 %
3 Month Return-12.05 %
1 Year Return-7.93 %
Previous Close₹541.40
Open₹540.10
Volume6.77L
Upper Circuit-
Lower Circuit-
Market Cap₹31,810.91Cr

Star Health & Allied Insurance Company Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹31,810.91 Cr
P/B Ratio4.98
EPS0
Dividend Yield0
SectorInsurance
ROE12.76

Star Health & Allied Insurance Company Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹31,810.91 Cr-8.06%0.54NANA
HOLD₹31,933.30 Cr2.71%0.69₹1,091 Cr₹43,675 Cr
HOLD₹63,211.03 Cr2.69%0.68₹6,508 Cr₹45,374 Cr
HOLD₹75,798.63 Cr7.64%0.50₹64 Cr₹3,437 Cr
BUY₹1,60,898.97 Cr12.12%0.98NANA

About Star Health & Allied Insurance Company Ltd

Star Health and Allied Insurance Company Limited was founded in 2005 in Chennai with the aim of becoming India’s first standalone health insurance provider. With a long-standing relationship with banks in India, Star Health insurance has grown in stature and is now the third biggest health insurer in terms of market share with 15.35%. It offers policies customised around the needs of individuals, families and companies, through its network comprising agents, brokers and online format.

The company had a successful public issue in December 2021 with an allotment of Rs 6400 crore, including Rs 2000 crore being issued through a fresh issue and Rs 4400 crore through offer for sale, at the price of Rs 900 per share. As of 31st March 2022, Star Health had 807 branches in 26 states and 4 Union Territories throughout India as well as over 12820 affiliated hospitals across the country. With its wide coverage, Star Health is helping to make healthcare more accessible to all individuals, families and companies in India.

Share Price: ₹536.25 per share as on 29 Oct, 2024 04:01 PM
Market Capitalisation: ₹31,810.91Cr as of today
Listing date: 10 Dec, 2021
OrganisationStar Health & Allied Insurance Company Ltd
Headquarters
IndustryInsurance
E-voting on sharesClick here to vote

Key events for Star Health & Allied Insurance Company Ltd

  • Star Health Reports Profit Drop Amid Cybersecurity Findings - 29 Oct, 2024

    Star Health and Allied Insurance reported an 11% decline in profit after tax for Q2 FY25, while a forensic investigation cleared its CISO of wrongdoing in a data breach incident. The company also noted a 17% YoY increase in gross written premium.

  • Star Health Exonerates CISO in Data Breach Incident - 28 Oct, 2024

    Star Health Insurance announced that an independent investigation found no evidence of wrongdoing by its Chief Information Security Officer regarding a recent data leak. The investigation concluded that alleged communications with a hacker were fabricated. The company is taking steps to enhance its information security systems.

  • IRDAI Implements Stricter Fraud Guidelines Amid Hacking - 26 Oct, 2024

    The IRDAI has proposed stricter guidelines to combat online fraud following a hacking incident involving Star Health Insurance. A hacker claimed to have sold sensitive data, threatening policyholder exposure. The situation raises concerns about data security in the insurance sector.

  • Star Health Faces Data Leak Legal Challenges - 25 Oct, 2024

    Star Health is embroiled in a legal battle over a data leak involving sensitive customer information. The Madras High Court has ordered the insurer to assist Telegram in identifying accounts linked to the leak, while Telegram claims it requires concrete evidence for action. The incident has raised concerns about data security and potential ransom demands.

  • Star Health Reports Data Breach Investigation - 22 Oct, 2024

    Star Health has publicly acknowledged a data breach involving potential unauthorized access to customer data. The company is investigating the incident and has reported it to relevant regulatory bodies, including CERT-IN.

  • Data Breach Raises Concerns for Star Health Insurers - 19 Oct, 2024

    The Insurance Regulatory and Development Authority of India (Irdai) has urged insurers to assess IT vulnerabilities following a significant data breach at Star Health & Allied Insurance, affecting 31 million customers. Sensitive information, including personal and medical data, was compromised.

  • Star Health Expands Home Healthcare Services in Maharashtra - 18 Oct, 2024

    Star Health Insurance has launched its Home Healthcare Service in Maharashtra, responding to strong demand. The service is available in 85% of locations, aiming to enhance accessibility and cater to underserved communities. With a robust network and significant claims paid, Star Health emphasizes its commitment to improving healthcare solutions in the state.

  • Star Health Faces Data Breach Investigation Request - 15 Oct, 2024

    Following a significant data breach exposing sensitive customer information, a legal services firm has urged the government to investigate Star Health and Allied Insurance.

  • Star Health Faces Cyberattack and Data Breach Investigation - 14 Oct, 2024

    Star Health & Allied Insurance is dealing with a cyberattack fallout, including a ransom demand and a petition for investigation into a data breach. The company asserts its services remain operational and is conducting an ongoing investigation into the incident.

  • Star Health Faces Ransom Demand Over Data Leak - 13 Oct, 2024

    Star Health & Allied Insurance Company Ltd is facing a $68,000 ransom demand due to leaked sensitive customer data, allegedly sold by the company itself. This incident raises serious concerns about data security and customer trust.

  • Star Health Faces Ransom Demand Amid Data Breach - 12 Oct, 2024

    Star Health & Allied Insurance Company Ltd is dealing with a $68,000 ransom demand following a data breach. The company has initiated investigations and legal actions while assuring that its services remain secure. The incident has led to a significant decline in share value, reflecting a reputational crisis for the insurer.

  • Star Health Faces Major Data Breach and Scrutiny - 11 Oct, 2024

    Star Health & Allied Insurance Company is under scrutiny following a significant data breach affecting over 31 million customers. Allegations against the CISO and actions by Telegram to remove bots sharing sensitive data have emerged. The Insurance Regulatory and Development Authority (Irdai) is increasing oversight in the sector to prevent future incidents.

  • Star Health Faces Cyberattack, Shares Decline Amid Coverage - 10 Oct, 2024

    Star Health & Allied Insurance faced a significant cyberattack affecting 31 million customers, leading to a drop in share prices. Despite this, JM Financial initiated coverage with a buy rating, highlighting growth potential. The company is investigating the breach and has reported the incident to authorities.

  • Star Health Faces Major Data Breach Incident - 09 Oct, 2024

    Star Health & Allied Insurance is dealing with a significant data breach affecting over 31 million customers. A hacker claims insider involvement, with sensitive data for sale online. The company is conducting a forensic investigation and cooperating with authorities to address the situation and protect customer data.

  • Star Health Insurance Receives Credit Rating Upgrade - 07 Oct, 2024

    Star Health & Allied Insurance Company has received a credit rating upgrade to IND AA+ from India Ratings, reflecting its strong market position and profitability. The upgrade highlights the company's consistent growth, commanding market share, and robust financial metrics, including a solvency margin well above regulatory requirements.

  • LIC Enters Growing Health Insurance Market - 04 Oct, 2024

    LIC is planning to enter the expanding health insurance market, which is currently the fastest-growing segment in India's insurance industry due to rising healthcare costs and increased awareness.

Insights on Star Health & Allied Insurance Company Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.82% to 11.53% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 5.41% to 7.61% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Life Insurance Corporation of India has given 51.5% return, outperforming this stock by 59.4%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 16.32% to 12.98% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, STARHEALTH stock has moved down by -7.9%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 57.90% to 57.69% in Sep 2024 quarter

Star Health & Allied Insurance Company Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹10,500.98Cr (-)₹13,514.06Cr (↑28.69%)₹15,226.11Cr (↑12.67%)₹17,767.73Cr (↑16.69%)
Total Liabilities₹7,005.84Cr (-)₹8,893.87Cr (↑26.95%)₹9,782.86Cr (↑10.00%)₹11,383.75Cr (↑16.36%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹647.42Cr (-)₹890.38Cr (↑37.53%)₹55.56Cr (↓93.76%)₹1,275.82Cr (↑2,196.29%)₹1,309.96Cr (↑2.68%)

Index Inclusions

S&P BSE Low Volatility

₹1,822.41

-0.12 (-2.14%)

S&P BSE 150 MidCap

₹15,876.48

0.81 (128.05%)

BSE 200

₹11,225.82

0.61 (68.49%)

DFRGRI Indices

₹1,474.28

1.69 (24.52%)

Nifty 500

₹22,795.05

0.64 (145.1%)

S&P BSE Fin. Ser

₹11,669.64

2 (229.16%)

BSE Mid-Cap

₹46,103.68

0.74 (337.9%)

Nifty LargeMidcap 250

₹15,868.85

0.71 (111.15%)

Nifty MidSmallcap 400

₹19,619.65

0.8 (155.15%)

Nifty Midcap 150

₹20,867.40

0.83 (171.85%)

S&P BSE 250 LargeMidCap

₹10,640.59

0.62 (65.09%)

S&P BSE 400 MidSmallCap

₹12,066.75

0.78 (93.41%)

S&P BSE AllCap

₹10,500.89

0.62 (64.95%)

BSE 500

₹35,921.51

0.63 (223.38%)

Star Health & Allied Insurance Company Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
57.69%
-0.36
Foreign Institutions
12.98%
-20.48
Mutual Funds
11.53%
17.35
Retail Investors
7.61%
40.70
Others
10.19%
-3.38

Star Health & Allied Insurance Company Ltd Key Indicators

Details202020232024
Return On Equity %17.6511.0512.76

Star Health & Allied Insurance Company Ltd Earnings and Dividends

  • Star Health & Allied Insurance Company Ltd Earnings Results

    Star Health & Allied Insurance Company Ltd’s net profit jumped 10.8% since last year same period to ₹318.93Cr in the Q1 2024-2025. On a quarterly growth basis, Star Health & Allied Insurance Company Ltd has generated 124.09% jump in its net profits since last 3-months.

    Read More about Earnings Results

Star Health & Allied Insurance Company Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Star Health & Allied Insurance Company Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Star Health & Allied Insurance Company Ltd (STARHEALTH) share price today is ₹536.25

Star Health & Allied Insurance Company Ltd is listed on NSE

Star Health & Allied Insurance Company Ltd is listed on BSE

  • Today’s highest price of Star Health & Allied Insurance Company Ltd is ₹543.9.
  • Today’s lowest price of Star Health & Allied Insurance Company Ltd is ₹530.

Today’s traded volume of Star Health & Allied Insurance Company Ltd(STARHEALTH) is 6.77L.

Today’s market capitalisation of Star Health & Allied Insurance Company Ltd(STARHEALTH) is ₹31810.91Cr.

Star Health & Allied Insurance Company Ltd(STARHEALTHPrice
52 Week High
₹647
52 Week Low
₹454.8

Star Health & Allied Insurance Company Ltd(STARHEALTH) share price is ₹536.25. It is down -17.12% from its 52 Week High price of ₹647

Star Health & Allied Insurance Company Ltd(STARHEALTH) share price is ₹536.25. It is up 17.91% from its 52 Week Low price of ₹454.8

Star Health & Allied Insurance Company Ltd(STARHEALTHReturns
1 Day Returns
-5.15%
1 Month Returns
-10.82%
3 Month Returns
-12.05%
1 Year Returns
-7.93%