This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price

Star Health hit a record low of Rs 595, slipping 2.5 per cent on the BSE, its lowest level since its stock market debut.

Shares of Star Health and Allied Insurance Company (Star Health) hit a record low of Rs 595, slipping 2.5 per cent on the BSE in Wednesday’s trade. The stock has fallen below its previous low of Rs 603 touched on March 16, 2022. Star Health had made its stock market debut on December 10, 2021.

In the past one week, the share has underperformed the market by falling 14 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex. With the recent fall, it has corrected 34 per cent from its issue price of