{"id":100176,"date":"2023-04-11T16:42:00","date_gmt":"2023-04-11T11:12:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100176"},"modified":"2023-04-11T17:53:27","modified_gmt":"2023-04-11T12:23:27","slug":"stock-jumps-5-on-growth-in-gross-direct-premiums-analysts-see-an-upside-of-up-to-35","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-5-on-growth-in-gross-direct-premiums-analysts-see-an-upside-of-up-to-35\/","title":{"rendered":"Stock jumps 5% after growth in gross direct premiums; Analysts see an upside of up to 35%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2666433228\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Star Health and Allied Insurance Company&#8217;s share price climbed 5.65% on Tuesday, to reach an intraday high of \u20b9 598.00 apiece after it reported an increase in its gross direct premiums. Its shares were quoting at \u20b9 590.00 apiece at 03:24 PM on Tuesday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1863630547\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company informed the bourses that its Gross Direct Premium has increased by 13% to \u20b9 12,950.9 crores for YTD March 23, compared to 11,463.5 YTD March 22, on a provisional basis.&nbsp;<\/p><p>Its gross direct premium in the health-retail segment grew 18 percent from the previous quarter and the personal accident segment grew by 15 percent. However, the health-group segment declined by 31%.&nbsp;<\/p><p>ICICI Securities has a buy rating on Star Health ad Allied Insurance company with a target price of \u20b9 800. This translates to an upside of 35.59% as compared to its current share price of \u20b9 590.00 apiece.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3934951175\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>HDFC Securities too has a buy rating on the stock with a target price of \u20b9 795. This implies an upside of 34.75% as compared to its current share price.\u00a0<\/p><p>With a market capitalization of \u20b9 32,923 crores, Star Health and Allied Insurance Company is a midcap stock. Its promoters hold a 58.28% stake in the company, followed by foreign investors with 35.52% and retail investors with 5.65% respectively.&nbsp;<\/p><p>Star Health &amp; Allied Insurance Ltd (Star) is India\u2019s first Standalone Health Insurance provider. It is one of the largest private health insurers in India with a market share of more than 15.8%, with a leadership in the retail health segment.&nbsp;<\/p><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-789722857\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Star Health and Allied Insurance Company&#8217;s share price climbed 5.65% on Tuesday, to reach an intraday high of \u20b9 598.00 apiece after it reported an increase in its gross direct premiums. Its shares were quoting at \u20b9 590.00 apiece at 03:24 PM on Tuesday.&nbsp; The company informed the bourses that its Gross Direct Premium has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-100176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 5% after growth in gross direct premiums; Analysts see an upside of up to 35% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company&#039;s share price climbed 5.65% on Tuesday, to reach an intraday high of \u20b9 598.00 apiece after it reported an increase in its gross direct premiums. 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