Rakesh Jhunjhunwala has more than 17% stake in this company, brokerage has given buying advice

Rakesh Jhunjhunwala has invested more than 17 percent in Star Health. This stock has given returns of more than 55 per cent in the last one month.

The stake is 17.49 percent.

Rakesh Jhunjhunwala, popularly known as Big Bull in the world of stock market, makes investors rich in whatever stock he invests. They Star Health And Allied Insurance Company ,Star Health) which has given an excellent return of 55 per cent in the last one month. At 10.30 in the morning, the stock was trading at a level of Rs 735, down 1.77 percent. The June quarter results of this company have been excellent.

This company has announced the result for the June quarter today. The company’s net sales for the quarter stood at 2891 crores, registering a jump of 178 per cent year-on-year. The company’s net profit stood at 213 crores and registered a jump of 202 percent. The company had a loss of 210 crores in the June 2021 quarter. Rakesh Jhunjhunwala holds 14.39 percent and his wife Rekha Jhunjhunwala holds 3.10 percent in this company. In this way, both of them have 17.49 percent stake in the company.

Brokerage Motilal Oswal said that the company will benefit from the rapid growth in retail health. The claim ratio is decreasing. In the June quarter, the claim was higher than our estimate, but it is coming down, which will benefit the company. The retail health business is improving rapidly after Kovid.

what the brokerage estimated

Motilal Oswal has given buy advice in this stock and has kept the target price of Rs 850. ICICI Securities has set a target price of Rs 860 for this stock and has a Buy Advised. He said that there is a jump of 20-25 per cent in the premium income of the company.

The company is the leader in retail insurance

Star India is the leader company in retail health insurance. Its market share is 31.6 percent. It has a total of 807 branches and more than 13 thousand hospitals are connected to the network.

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This company was listed in December

Star Health primarily provides insurance coverage for retail health, group health, personal accident and overseas travel. The company was listed on the stock market in December 2021. This company also allows its customers to file claims with the help of WhatsApp. Through WhatsApp, customers can take advantage of Star Health’s customer end-to-end service. Through WhatsApp, customers can also file claims from buying a policy in a few clicks. Customers send Hi from their WhatsApp number to +91 95976 52225. Through the Star Health WhatsApp service, customers can easily buy a new policy. You can file a cashless claim or download the policy document as per your convenience.