Quote on Star Health and Allied Insurance Company is down ~2% on listing day By Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on Star Health and Allied Insurance Company is down ~2% on listing day By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
On the listing day, Star Health and Allied Insurance Company stock is down ~2% mainly due to fear of new Covid variant omicron (further impact of the Covid-19 pandemic could increase claim). However, Company has strong growth rates (~32% Gross Written Premium CAGR over FY18-21) and better operational performance which is reflected in pre-Covid numbers for the company (~93% combined ratio). We are positive on stock and every dip in share prices provides buying opportunities to long term investors.
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