If health insurers have been some of top beneficiaries of Covid-19 pandemic , then this company has been an out-and-out winner. Its shares have quadrupled in the unlisted space in last one-and-a-half year. Care Health Insurance is the new avatar of Religare Health Insurance. Religare Enterprises NSE -0.77 % informed bourses earlier this month that it has changed the name of its health insurance subsidiary to Care Health Insurance. But the firm emerged as a star performer even before that. Dealers of unlisted shares said the stock, which debuted at Rs 26-28 in early 2019, used to trade at Rs 35-40 at the start of 2020. They have since risen to Rs 100-105. They see even more upside. Jasbir Singh of Meera Associates, a Pune-based firm that deals in unlisted shares in the unofficial market, said the name change was on the cards, as the firm's ownership changed in June 2020. "As the company decided to shun the name of previous pro...
Pre IPO | Private Equity | Unlisted Shares