Focus on innovative product solutions and new business channels will be the key to keep the upward trend for new business growth. Considering the company's strong parentage, operational capabilities and upside potential, we reiterate our BUY rating on the stock with a revised TP of Rs. 790 based on 4.1x FY23E EV per share. Renewal & First year premiums ensue moderate growth Gross premiums written moderate growth of 14.2% YoY to Rs. 11,630cr this quarter supported by Renewal premium (~43.3% contribution) up 16.8% YoY and First year...