The shares of Star Health and Allied Insurance saw heightened activity on Wednesday, February 5, with multiple large trades worth a total of Rs 96 crore executed during the session. The stock was up 1.1 percent at Rs 443.1 as of 12:30 pm, supported by heavy volumes.
Heavy volumes, stock still way off 52-week high
Star Health witnessed a surge in trading volumes, with activity reaching 3.6 times its 10-day average by late noon. Despite the gains, the stock remains down 31.5 percent from its 52-week high of Rs 647, recorded on September 9, 2024. However, it has recovered 4.2 percent from its 52-week low of Rs 425.5, hit on January 29, 2025.
Over the past year, Star Health has lost 23 percent of its value, with its market capitalisation currently at Rs 26,000 crore.
Fundamentals and valuation check
Trailing twelve-month (TTM) EPS: Rs 13.41
TTM Price-to-earnings (P/E) ratio: 33.03, lower than the sector P/E of 45.8
Price-to-book (P/B) ratio: 3.78
Late investor Rakesh Jhunjhunwala was a promoter of Star Health. Now, several of his family members are promoters of the company.
In others news, the Sensex and Nifty are currently flat after seeing significant volatility since morning. ITC Hotels, IndusInd Bank, Tata Steel and Tata Motors are among the top gainers, while the shares of Asian Paints, Titan and Nestle were among the top losers.
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