New Delhi, July 31 -- Global brokerage giant Goldman Sachs, along with Motilal Oswal and Yes Securities, recommends buying the shares of mutual funds and foreign investors-backed insurance firms Star Health and Allied Insurance Company Ltd.

In its latest report, Goldman Sachs highlighted that it expects a 17.2% upside for the Star Health shares, citing the 4% YoY growth in its gross written premium (GWP) due to the company's combination of value and volumes in the April-June quarter.

"We lower our FY26-28E EPS estimates by up to 18% to factor in Q1 results, relatively gradual combined ratio improvement and revised outlook for the business over the medium term, and we maintain our 'Buy' rating on the stock," said Goldman, highlighting th...