View on Star Health Insurance IPO Post listing By Mr. Parth Nyati, Tradingo
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Below are views on Star Health Insurance IPO Post listing by Mr. Parth Nyati, Founder, Tradingo
Star Health insurance is debuting the secondary market on a weaker note as expected on the back of a very poor response from the investors. Expensive valuations and dent in profitability due to Covid19 were key concerns for the investors however the long-term outlook for the company is bullish thanks to the strong brand name and low penetration of health insurance in India. Investors who applied for this IPO for listing gain can exit while long-term investors should keep patience and hold this stock. New investors can wait for some time before taking entry because we have to understand that at what level, the market will be comfortable.
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