Go Digit Shares Surge 6% To INR 314.95 In Intraday Trading

SUMMARY

The stock shed some of the gains later and was trading 5.3% higher at INR 312.90 at 10:25 AM

The stock ended in the green on Thursday, after five consecutive sessions of decline

The company’s shares have risen 3.7% since it declared its Q3 numbers on January 22. Overall, the stock has gained 7.94% in the last month

Shares of Go Digit surged as much as 6% to INR 314.95 during the early trading on the BSE on Friday (February 14).

The stock shed some of the gains later and was trading 5.3% higher at INR 312.90 at 10:25 AM. The company’s market capitalisation stood at INR 28,742.60 Cr, with 49 lakh shares traded by then.

The stock ended in the green on Thursday, after five consecutive sessions of decline.

The company’s shares have risen 3.7% since it declared its Q3 numbers on January 22. Overall, the stock has gained 7.94% in the last month.

The insurtech company’s net profit zoomed 176.46% YoY and 32.46% QoQ to INR 118.52 Cr in the third quarter of the fiscal year 2024-25 (FY25).

It reported a 10.24% increase in gross written premium (GWP) to INR 2,676.78 Cr in the quarter ended December 2024 from INR 2,427.97 Cr in Q3 FY24. Net premium written also grew 5.13% to INR 2,084.14 Cr in Q3 FY25 from INR 1,982.39 Cr in the year-ago quarter.

Founded in 2017 by Kamesh Goyal, Go Digit General Insurance is a full-stack digital insurance company. It offers a wide range of non-life insurance policies across sectors such as motor vehicles, health, travel, and property, among others.

The rally today came amid a decline in the broader market. Benchmark indices Sensex and Nifty50 were down 0.50% each to 75,779.49 and 22,901.20 points, respectively.

The Indian equities market has seen a sharp decline in 2025 so far, led by FII outflows (with over $10 Bn exiting Indian equities this year), slowing growth, weaker-than-expected earnings, a weakening rupee, and elevated valuations.