₹900 apiece. The stock opened at ₹848.80 and touched a high and a low of ₹899 and ₹827.50 respectively. At 10.05am, the scrip was at ₹875 on the BSE. "We believe Star will continue to grow at a faster pace than industry.
However, we find valuations at an expensive end from a near term perspective, not leaving much upside on the table. In addition, hospitalisation of non-covid cases could be a negative surprise in forthcoming months," said Aditya Birla Capital in a note to its investors.
Due to a poor response to the IPO, the firm had cut its offer for sale size to ₹4,400 crore from ₹5,249.18 crore. The fresh issue size has been kept unchanged at ₹2000 crore.