Shrikant Chouhan, head of equity research at Kotak Securities, has recommended TVS Motor with an ADD rating and fair value of ₹3,925. According to reports from Business Standard, the stock is currently trading at ₹3,355 with a face value of ₹3,925. The company is expected to benefit from domestic two-wheeler demand momentum, primarily driven by potential GST rationalization. TVS Motor has maintained its leadership position in the electric two-wheeler market with a market share of over 25%, driven by steady demand for its iQube and Orbiter models.
Star Health and Allied Insurance has been recommended as a BUY with a current market price of ₹531 and face value of ₹610. As reported by Business Standard, the company operates as India's largest standalone health insurer with a dominant position in retail indemnity health insurance. Star Health delivered strong performance with Gross Written Premium reaching ₹20,369 crore in FY26, implying approximately 16% year-on-year growth. The company's focus on retail health provides better profitability and underwriting control, with high renewal ratios of around 99% and coverage of approximately 2.8 crore lives.
According to Business Standard reports, Star Health's insurance revenue grew 13% year-on-year in FY26, while PAT increased 16% year-on-year to ₹911 crore. The company's profitability metrics have improved significantly, with the combined ratio moderating to 98.8% in FY26 compared to 101.1% in FY25, indicating return to underwriting profitability. Earnings CAGR is estimated at approximately 36% over the medium term, while the company expects RoE to improve to 16-17% with combined ratio trending towards 96-97%.
As reported by Business Standard, TVS Motor's export growth momentum is projected to continue into FY27E at a more moderate pace, supported by favorable base in Africa and steady demand in LATAM. The company's market share gain has been driven by outperformance in scooter and premium motorcycle segments compared to industry growth. For Star Health, the company's agency network of approximately 700,000 agents continues to expand, while digital channels are scaling rapidly with 71% growth in digital GWP. The analyst expects similar 16-18% GWP growth going forward for Star Health, driven by retail expansion and pricing actions.
