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A total of 7,421 shares changed hands on the counter till 12:19PM (IST).

As of 30-Jun-2023, promoters held 59.43 per cent stake in the company, while FIIs held 23.78 per cent and domestic institutional investors had 3.47 per cent.

A total of 4,836 shares changed hands on the counter till 10:42AM (IST)

Nifty PSU Bank was the top-performing index on NSE in an otherwise dull session on Monday, with 11 of the index constituents at fresh 52-week highs. Over the longer term, independent market expert Sandip Sabharwal does not recommend to keep on buying PSU banks as from this quarter or next quarter onwards, we will start seeing some uptick in NPAs and a squeeze in margins which was not there for the last two quarters.

"Depreciation pressures on INR is expected to be higher in the near term with crude oil prices above $90 and dollar strength," Gaura Sen Gupta, economist at IDFC First Bank wrote in a note.

Star Health and Allied Insurance Company, incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 37159.63 Crore) operating in Financial Services sector.

The Kolkata-based company launched its Rs 17.07-crore IPO on September 8, comprising only a fresh issue of 74.22 lakh equity shares which included a reservation of 3.72 lakh shares for the market maker. The remaining 70.5 lakh shares, the net issue, were divided equally amongst retail investors and HNIs, which comes to 35.25 lakh shares each.

As of 30-Jun-2023, promoters held 46.79 per cent stake in the company, while FIIs held 13.94 per cent and domestic institutional investors had 17.0 per cent.

Some of the smaller stocks in Nifty Bank, like PNB, IDFC First and Bandhan bank have rallied about 15% more than their respective prices seen when Nifty last recorded its highest level on 20th July.

The stock quoted a 52-week high price of Rs 129.5 and a 52-week low of Rs 83.0.