4 factors that can trigger a 23% rally in this Jhunjhunwala stock https://ift.tt/tUvp6ig company is the largest standalone insurer engaged in the health insurance segment with relatively superior market share and operating performance. Star Health has 815 branches and 14000+ network hospitals, with a presence in 25 states and five union territories. ICICI Direct values the company at ~2.8x FY24E GDP (58x FY24E EPS) and sees it rallying.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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