STARHEAL
from 608 today
Star Health's insurance revenue grew 13% YoY in 1QFY27 to INR49.2b, while operational efficiency and better-than-expected claims management led to a 47% YoY growth in insurance service result. We value the stock at 25x FY28E IFRS PAT to arrive at our TP of INR770 and reiterate Buy.
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