Star Health Gets 'Buy' As Yes Securities Initiates Coverage, Sees 29% Upside

Star Health's self-correcting business model will mitigate loss ratio, says the brokerage.

Yes Securities initiates coverage on Star Health  with a Buy rating. (Source: Envato)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Yes Securities Report

We initiate coverage on Star Health and Allied Insurance Company Ltd. with a Buy rating due to the following key reasons-

  • While loss ratio is currently undergoing a spike, the same will be mitigated via various factors, including a self-correcting business model,

  • Star runs a judiciously structured business strategy, which leads to superior, differentiated outcomes,

  • Star will continue to benefit from an unparalleled physical distribution network that cannot be replicated easily by competitors,

  • Star displays sound expense control and has the lowest expense ratio among standalone health insurers.

Click on the attachment to read the full report:

Yes Securities_Initiating Coverage report on Star Health and Allied Insurance Company Limited_Recommendation_Buy.pdf
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Also Read: 'Buy' Kajaria Ceramics Reiterates Motilal Oswal, Sees 26% Upside; Here's Why

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