Stocks to Watch, 30 July: Stocks like Indiqube Spaces, GNG Electronics, Dilip Buildcon, GMR Airports, Ask Automotive, GE Vernova T&D India, International Gemmological Institute India, Bank of India, and Larsen & Toubro will be in focus on July 30.
Stocks to Watch, 26 June: Stocks like One Mobikwik Systems, Western Carriers India, PB Fintech, Texmaco Rail and Engineering, Om Infra, JSW Energy, and SMS Pharmaceuticals will be in focus on June 26.
Stocks to watch, 30 Apr: Stocks like Bajaj Finserv, Bharat Petroleum Corporation, Jana Small Finance Bank, UTI Asset Management Company, Star Health, Ceat, Shoppers Stop, CIE Automotive India, Praj Industries, Indostar Capital Finance, Fedbank Financial Services, and State Bank of India will be in focus on April 30.
Star Health shares fell 3.82 percent to an intraday low of Rs 345.3 per share on the NSE, marking its lowest level in a year.
Stocks To Watch, Jan 29: Stocks like Exide Industries, Home First Finance Company India, Bharat Heavy Electricals, Bosch, Motilal Oswal Financial Services, Le Travenues Technology, Mahanagar Gas, UTI Asset Management Company, Som Distilleries and Breweries, SBI Cards and Payment Services, Piramal Pharma, and VIP Industries will be in focus on January 29.
Stocks like Avenue Supermarts, Hathway Cable and Datacom, Sula Vineyards, Adani Ports and Special Economic Zone, IL&FS Transportation Networks, Tega Industries, JSW Infrastructure, and Indoco Remedies will be in focus on October 14.
GTPL Hathway, Sonata Software, JM Financial, Indian Railway Finance Corporation, Zee Entertainment Enterprises, Star Health and Allied Insurance Company, and Craftsman Automation will be in focus on October 8.
The Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
The internet fund sold 12.34 crore shares or 1.44 percent stake in Zomato, as per bulk deals data available on exchanges
We saw big selling pressure in Delta Corp. Equirus Wealth sold 25.32 lakh shares in the casino gaming company, and Kalpraj Damji Dharamshi offloaded 19 lakh shares.
Anand Rathi is bullish on Star Health and Allied Insurance Company has recommended buy rating on the stock with a target price of Rs 723 in its research report dated March 29, 2023.
Motilal Oswal is bullish on Star Health and Allied Insurance Company recommended buy rating on the stock with a target price of Rs 830 in its research report dated September 27, 2022.
Star Health & Allied Insurance Company has bottomed out with a V-shape recovery and now it is likely to form a bullish Inverse Head and Shoulder formation in recent pullback as Rs 660-640 is a strong demand zone.
What a classic setup we are having at Huhtamaki India, precise Bullish BAT pattern which got extended till 1.13 ratio on the weekly chart with N-wave completed near the potential reversal zone of Rs 180-190.
Brokerages see opportunities in companies including Star Health, Data Patterns, Cipla, Aditya Birla Capital and KPIT Technologies
In terms of volumes, Star Health traded with volume of 1.34 crore equity shares on the NSE, and 5.99 lakh shares on the BSE.
Star Health listing was on expected lines given the muted response to its IPO that was subscribed 79 percent, and overvaluation concerns.
Star Health IPO | The undersubscription of issue clearly indicated that most of investors have got almost full subscription.
Expensive valuations, recent losses driven by high COVID-related claims and better prospects in other IPOs may have been the factors for the disappointing response even as other recent IPOs have seen stellar subscription figures.
Star Health IPO | The Rs 7,249-crore public offering of Rakesh Jhunjhunwala-backed insurer that closed on December 2 saw a subscription of only 79%
Star Health IPO | As per the current status, the anchor portion was Rs 3,217.13 crore and the current subscription was Rs 3,193.05 crore. The balance portion of Rs 839 crore remained undersubscribed. So after the final adjustment, accordingly the company will reduce the offer for sale size to the extent of undersubscribed portion.
Star Health IPO | Till the second day of bidding, the third biggest IPO of the current year 2021 was subscribed 20 percent.
Star Health IPO offers an opportunity to invest in a standalone health insurance company (SAHI) that benefits from strong industry prospects.
Hem Securities has come out with its report on Star Health and Allied Insurance Company. The research firm has recommended to ''Subscribe'' the ipo in its research report as on November 30, 2021.
Star Health IPO | The valuation of the company is stretched. At the upper price band of Rs 900, Star Health is demanding a market capitalisation to net premium earned multiple of 10.3x, which is at a premium to the peer average, says Swastika Investmart.