Go Digit General Insurance shares surged 5% to ₹318 during Friday's trading session, with the stock experiencing exceptional trading volumes that spiked 32.43 times over the two-week average. According to latest NSE data, the stock registered 132.03 lakh shares by 14:14 IST on June 5, 2026, compared to a two-week average daily volume of just 4.07 lakh shares. This represents one of the most dramatic volume surges on NSE, with the stock's 52-week high standing at ₹381.40 and 52-week low at ₹295.50, indicating strong investor interest amid the recent institutional activity.
The block deal saw US-based JP Morgan, through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund, collectively acquire 33,33,500 shares representing nearly a 0.4% stake in Go Digit General Insurance at an average price of ₹300 per share. Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately ₹65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around ₹35 crore. The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33,33,500-share stake for nearly ₹100 crore. These institutional purchases represent significant capital inflows into the general insurance sector.
During the March 2026 quarter, Go Digit Insurance delivered robust financial results with net profit surging 28.4% year-on-year to ₹149 crore for the quarter, compared with ₹116 crore in the year-ago period. For the full fiscal year FY26, the company's profit after tax rose 28% to ₹544 crore from ₹425 crore in the previous fiscal. The company's gross written premium grew 6% Y-o-Y to ₹2,736 crore, up from ₹2,576 crore in the previous fiscal year. As of March 31, 2026, the company's Assets Under Management (AUM) stood at ₹22,922 crore, representing a growth of 16.3% from ₹19,703 crore as of March 31, 2025. The solvency ratio improved to 2.42x from 2.24x in the previous year, well above the minimum regulatory requirement of 1.50x.
The stake sale represents Peak XV Partners' continued exit from its investments, following its full exit from fintech firm One MobiKwik Systems through a block deal worth ₹130 crore. The transaction demonstrates continued institutional interest in the general insurance sector, with both JP Morgan and Aditya Birla Sun Life Mutual Fund showing confidence in Go Digit's growth prospects and operational performance. The exceptional trading volumes suggest heightened investor activity following the major institutional investments.
