Shares of Go Digit General Insurance were trading marginally higher on the NSE on Wednesday morning, a day after the company reported a 49% jump in quarterly profit. According to reports from The Hindu BusinessLine, the stock was at ₹317.30, up 0.16% from its previous close of ₹316.80, as of 11.39 am. The stock had opened at ₹319.95 and touched an intraday high of ₹326.95 before retreating. Sell orders dominated the trading activity, with 65.23% of the order book on the sell side against 34.77% on the buy side. The traded volume stood at 1.95 lakh shares worth ₹6.24 crore, with the stock's total market capitalisation at ₹29,334 crore.
The results, released on Tuesday, showed Go Digit's profit before tax under IGAAP rose to ₹173 crore in Q4 FY26, compared to ₹116 crore in the same quarter last year. As reported by The Hindu BusinessLine, for the full year, PBT climbed to ₹632 crore from ₹425 crore in FY25. Gross Direct Premium Income for Q4 grew 21.3% year-on-year to ₹2,402 crore, while assets under management rose 16.3% to ₹22,922 crore as of March 31, 2026. The solvency ratio improved to 2.42x from 2.24x a year ago.
Despite the strong quarterly results, the stock has underperformed this year, as reported by The Hindu BusinessLine. It is down 8.39% year-to-date, against a 3.83% decline in the Nifty 500. The stock's 52-week high of ₹381.40 was recorded in September 2025. The stock trades at a price-to-earnings multiple of 53.80.
According to The Hindu BusinessLine, investors are possibly waiting for greater clarity on the company's transition to Ind AS accounting standards, mandated by IRDAI from April 2026. This regulatory transition may influence future market sentiment and trading patterns for the insurance company.
