Niva Bupa shares rose more than 6% on its return to the black in Q2

Market Insight

Niva Bupa shares rose more than 6% on its return to the black in Q2

PratapDarpan

25 November 2024

Niva Bupa shares rose more than 6% on its return to the black in Q2

Shares of newly listed Niva Bupa Health Insurance rose as much as 6.2% on the BSE to Rs. 78.32 while the insurer on Monday reported Rs. 759 lakh as against a loss of Rs. 13.02 crore in profit after tax was reported. In the year-ago period. In the quarter ended June, the company posted Rs. 18.82 crores was reported as a loss.

The quarterly net premium written for an insurance firm is Rs. 1,393.29 crore, which was Rs. 1,033.79 crore up nearly 35% to Rs. 1,359.74 crore, while total revenue for the quarter was Rs. 991.99 crore as compared to Rs. -Before the quarter, the company shows filings.

In the quarter ended September, the company’s gross premium written rose 35% to Rs. 1,777.33 crore, which was Rs. 1,316.64 crores.

Shares of Niva Bupa Health Insurance got off to a good start on Dalal Street earlier this month, listing at a premium of around 6% on November 14. The offer price at a premium of 5.59% on NSE is Rs. 74 per share against Rs. was listed at 78.14. . On the BSE, the stock traded at Rs. It debuted at 78.50 per share, a premium of 6.08%.

The current market capitalization of the company is Rs. 14,024.25 crores.

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