NSE: STARHEALTH · 28 October 2026
- Star Health and Allied Insurance Company Ltd. (STARHEALTH) declined sharply today, closing down 4.89% at ₹520.00 compared to its previous close of ₹546.75. The stock opened at ₹555.55 and traded within a wide intraday range of ₹502.60 to ₹557.95.
- The board of directors approved the reclassification of Sthitaprajna Advisors LLP from the Promoter Group category to the Public Shareholder category. The request followed the cessation of Mr. Utpal Hemendra Sheth as a designated partner and partner of the LLP in August 2026, subject to final regulatory approvals.
- Trading volume was 7.97 times the 20-day average daily volume.
Why is Star Health and Allied Insurance Company share price falling on 28 October 2026?
Star Health and Allied Insurance Company Ltd. (STARHEALTH) declined sharply today, closing down 4.89% at ₹520.00 compared to its previous close of ₹546.75. The stock opened at ₹555.55 and traded within a wide intraday range of ₹502.60 to ₹557.95.
In broader market context, the benchmark Nifty dipped 0.22% during the session. The broader downward pressure coincided with a 4.05% decline over the trailing 5 trading days and a 5.88% correction over the trailing 20 trading days for the stock, indicating lingering weakness prior to today's sharp movement.
The company-specific backdrop features the release of financial results for the quarter and half-year ended September 30, 2026, reported on October 28, 2026. Star Health posted a Normalised Profit After Tax of ₹390 crores for Q2 FY27, up 70% year-on-year, and noted its fifth successive quarter of underwriting profit improvement with an underwriting profit of ₹99 crores compared to a loss of ₹40 crores in Q2 FY26. While these operational figures reflect strengthening fundamentals, the stock's price action leaned negative during the day's trade.
33.79 lakh shares traded by 28 October 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 4.24 lakh shares (7.97 times). The five-day average daily volume was 2.39 lakh shares. Separately, the NSE report for 27 October 2026 showed 78,737 shares delivered, representing 54.42% of that day’s traded volume. The same report recorded 15,940 trades.
The stock experienced a significant pullback of 4.89% despite reporting strong Q2 FY27 earnings with a 70% jump in normalised PAT and improved underwriting profits. The decline appears driven by broader market weakness and tactical profit-taking following recent gains.
Latest Company Developments
The board of directors approved the reclassification of Sthitaprajna Advisors LLP from the Promoter Group category to the Public Shareholder category. The request followed the cessation of Mr. Utpal Hemendra Sheth as a designated partner and partner of the LLP in August 2026, subject to final regulatory approvals.
Promoter group reclassifications alter public float dynamics and shareholding structures over time.
approval of Board of Directors for Reclassification of Sthitaprajna Advisors LLP from Promoter Group Category to Public Shareholder Category.
Star Health and Allied Insurance Company Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Star Health and Allied Insurance Company Limited has informed the exchanges regarding Integrated filing (Financial) of the Company for the quarter and half year ended September 30, 2026.
approval of Board of Directors for Reclassification of Sthitaprajna Advisors LLP from Promoter Group Category to Public Shareholder Category.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 10.43% on 30 September 2026. This compares with 10.27% on 30 June 2026, a change of +0.16 percentage points.
The filing reported 25 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Sustained delivery percentage trends against the 54.42% delivery recorded in the previous cash session
- Post-earnings analyst reactions and management commentary on retail health fresh GWP growth
- Progress on regulatory approvals regarding the promoter group reclassification of Sthitaprajna Advisors LLP
- Performance stability around the 52-week low of ₹416.55 and high of ₹624.90
Other Dated Coverage
More Star Health and Allied Insurance Company news and dated analysis →
Frequently Asked Questions
What is the latest Star Health and Allied Insurance Company company news?
The board of directors approved the reclassification of Sthitaprajna Advisors LLP from the Promoter Group category to the Public Shareholder category. The request followed the cessation of Mr. Utpal Hemendra Sheth as a designated partner and partner of the LLP in August 2026, subject to final regulatory approvals.
How strong was Star Health and Allied Insurance Company’s trading volume?
33.79 lakh shares traded, 7.97 times the 20-day average daily volume. The price and volume data are dated 28 October 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.