ReutersReuters

India's Star Health and Allied Insurance rises after Q4 profit jump

** Shares of Star Health and Allied Insurance STARHEALTH up 2.1% at 573.30 rupees

** Health insurer says its Q4 PAT jumped ~40% Y/Y while gross written premium rose 18.3% Y/Y

** Trading vol 1.5x 30-day daily avg

** Avg rating of 18 analysts close to equivalent of "buy", median PT is 675 rupees - LSEG data

** Larger peers ICICI Prudential Life Insurance ICICIPRULI, HDFC Life Insurance HDFCLIFE also have "buy" rating

** YTD, STAU is up 7.2% and ICIR is up 6.9% while HDFL is down 9.5%

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