Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Star Health and Allied Insurance is one of India’s largest private health insurance companies. It had an overall market share of 15.8% in FY21 and a 31% market share in the retail health segment. Gross written premium (GWP) stood at Rs 9,350 cr in FY21, Rs 5,070 cr in H1FY22. It has 464,000 agents, the second-largest agency force after LIC. The company is in Banca arrangements with Bank of Baroda, Karur Vysya, PNB, Paytm, PhonePe, Policybazaar, ICICI Securities.
ET NOW’s managing editor Nikunj Dalmia says “If you analyse the business independently, this is one franchise which has managed to grow; they have the scale and they have size. If you are a long-term contra investor, you should consider having this stock in your portfolio. A good franchise is going public, the macro environment is favourable and the company is profitable on a standalone basis. And, the fact that ace investor Rakesh Jhunjhunwala is also a promoter, is a definite plus,” he says.
He concludes by pointing out how the options for investing in financial stocks are increasing. First, it was only banks. Now, we have fintech and even insurance companies. Watch to know more.
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Editor’s Take | Should Star Health be in your portfolio? Nikunj Dalmia explains

The Bank has allotted the bonds to 21 investors

Bank of Baroda raises ₹1,997 crore via AT-1 bonds

Bank of Baroda raises 1,997 bonds of Rs 1 cr each via Basel III-compliant bonds

“The bank has received total bid amount of Rs 5,308 crore, out of which the issuance was finalised for Rs 1,997 crore at 7.95 per cent (per annum),” BoB said in a regulatory filing.

Bank Of Baroda Raises Rs 1,997 Crore Via Basel III-compliant Bonds

Bank of Baroda has received total bid amount of Rs 5,308 crore, out of which the issuance was finalised for Rs 1,997 crore at 7.95 per cent (per annum), BoB said in a regulatory filing.

Bank of Baroda Raises Rs 1,997 Crore Via Basel III-Compliant Bonds. Should You Buy?

Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds

Bank of Baroda allots Basel III Compliance AT I Bonds aggregating Rs 1997 cr

The interested and eligible candidates can apply online through the official site of Bank of Baroda on bankofbaroda.in.

Bank of Baroda Recruitment 2021: Apply for 376 Relationship Manager posts on bankofbaroda.in, details here

The offer comprises a base issue of Rs 500 crore with a greenshoe option to retain oversubscription up to Rs 1,500 crore, according to the placement memorandum of the bank.

Bank of Baroda to raise up to Rs 2,000 cr via AT1 bonds today

Heavyweights State Bank of India and Kotak Bank dragged the most, while Punjab National Bank, RBL Bank, Axis Bank, and Bank of Baroda also underperformed.

Nifty Bank sheds 2% amid bearish markets; Financial Services led by Bajaj twins also tank

Bank of Baroda launched a property expo at SIET College, Teynampet, on Saturday. The expo, which was inaugurated by M. Lakshmi, chief executive officer of the Chennai Metropolitan Development Authorit

Bank of Baroda property expo

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services. 

Bank of Baroda Ltd

Bank of Baroda Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

Editor’s Take | Should Star Health be in your portfolio? Nikunj Dalmia explains

Bank of Baroda raises ₹1,997 crore via AT-1 bonds

Bank of Baroda raises 1,997 bonds of Rs 1 cr each via Basel III-compliant bonds

Bank Of Baroda Raises Rs 1,997 Crore Via Basel III-compliant Bonds

Bank of Baroda Raises Rs 1,997 Crore Via Basel III-Compliant Bonds. Should You Buy?

Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds

Bank of Baroda allots Basel III Compliance AT I Bonds aggregating Rs 1997 cr

Bank of Baroda Recruitment 2021: Apply for 376 Relationship Manager posts on bankofbaroda.in, details here

Bank of Baroda to raise up to Rs 2,000 cr via AT1 bonds today

Nifty Bank sheds 2% amid bearish markets; Financial Services led by Bajaj twins also tank

Bank of Baroda Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

Editor’s Take | Should Star Health be in your portfolio? Nikunj Dalmia explains

Bank of Baroda raises ₹1,997 crore via AT-1 bonds

Bank of Baroda raises 1,997 bonds of Rs 1 cr each via Basel III-compliant bonds

Bank Of Baroda Raises Rs 1,997 Crore Via Basel III-compliant Bonds

Bank of Baroda Raises Rs 1,997 Crore Via Basel III-Compliant Bonds. Should You Buy?

Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds

Bank of Baroda allots Basel III Compliance AT I Bonds aggregating Rs 1997 cr

Bank of Baroda Recruitment 2021: Apply for 376 Relationship Manager posts on bankofbaroda.in, details here

Bank of Baroda to raise up to Rs 2,000 cr via AT1 bonds today

Nifty Bank sheds 2% amid bearish markets; Financial Services led by Bajaj twins also tank

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock