India's Go Digit set for best day since listing as Q3 profit surges

Go Digit General Insurance

23/01/2025 09:03

** Shares of Go Digit General Insurance  GODG.NS  rise 16.3%
to 333 rupees, set for best day since listing in late-May
    ** Insurer posts a near three-fold surge in Q3 profit to
1.19 bln rupees ($13.8 mln); net premium earned up over 5% Y/Y
    ** Claims improved in motor and group health, which both saw
growth calibration in recent qtrs, Jefferies says
    ** Adds, even as near-term growth can remain volatile,
medium-term earnings outlook remains healthy and keeps
risk-reward attractive
    ** More than 38.8 mln shares change hands, 13.8x its 30-day
avg, eyes most active session since trading debut
    ** Analysts, on avg, have a "buy" rating; median PT is 386
rupees - LSEG data
    ** Stock has gained ~10% since listing



($1 = 86.5100 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))