The Covid-19 pandemic has burnt a deep hole in the pockets of most health insurers: some Rs 600 crore a month hit on Indian players, and a cumulative $200 billion hit on the industry globally.
Had domestic health insurers been listed on stock exchanges, their stocks would have possibly taken a hard knock. Right? Not quite.
Unlisted shares of a domestic health insurer have been having a dream run in the unlisted market, the unofficial market for trading in such stocks: it has doubled in last six months and trebled in last year and a half.
The company is Religare Health Insurance, the lone candidate from the sector with no peer in either listed or unlisted space.
State-owned The New India Assurance, which also offers health insurance alongside other general insurance products, is the only comparable player allowing equity investors exposure in the listed space. The stock has surged 50 per cent since the March mayhem, but is down 15 per cent for the calendar.
Looks like investors are betting on an expected spike in demand for insurance products, health insurance in particular, in the wake of the pandemic.
The company is Religare Health Insurance, the lone candidate from the sector with no peer in either listed or unlisted space.
State-owned The New India Assurance, which also offers health insurance alongside other general insurance products, is the only comparable player allowing equity investors exposure in the listed space. The stock has surged 50 per cent since the March mayhem, but is down 15 per cent for the calendar.
Looks like investors are betting on an expected spike in demand for insurance products, health insurance in particular, in the wake of the pandemic.
Sandip Ginodia , CEO
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience .
Email : ginodiasandip1@gmail.com
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