Aneesh Srivastava, Executive Director and Chief Investment Officer at Star Health, projects India's GDP growth for FY25 at 6.5%, aligning with the country's long-term potential. He notes a challenging global economic environment, marked by weaker demand and potential trade protectionism, which may lead to higher inflation and sustained interest rates. Consequently, private sector capital expenditure is expected to remain subdued in the latter half of FY25 unless significant economic changes occur.
Niva Bupa Health Insurance shares had a lackluster debut, closing flat amid weak market conditions on November 14. The stock opened at Rs 78.14, peaked at Rs 81, but ended at Rs 74.02, reflecting a slight gain of 0.03%. Valued at Rs 13,520 crore, it is the fourth health insurer to be listed, following ICICI Lombard, Star Health, and The New India Assurance Company.
Star Health and Allied Insurance shares fell over 6% on October 30 after the company reported an 11.18% decline in net profit for the September quarter, totaling Rs 111.29 crore, down from Rs 125.30 crore a year ago. Despite this, sales increased by 15.54% to Rs 3,703.88 crore. The stock hit a low of Rs 500.65 on the NSE during trading.
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