It’s not about the % drawdown u should focus, you should focus on perspective. Initially the issue of genuine claim rejections, and the current data leakage saga has continuously weighing down the sentiments. The Star brand value might be decreasing, as they are not able to gain market share since last two years.
The change in perception is the key for success in this company. This would be a good bet for constrain style, but might test patience. One more point, the composite insurance is also dragging this, as the Life insurance companies can takeaway their agent based competitive advantage.
All are my personal observations.
Disc: No holdings
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