Shares of Go Digit General Insurance were trading marginally higher on the NSE on Wednesday morning, a day after the company reported a 49 per cent jump in quarterly profit, though selling pressure kept gains in check.

The stock was at ₹317.30, up 0.16 per cent from its previous close of ₹316.80, as of 11.39 am. It had opened at ₹319.95 and touched an intraday high of ₹326.95 before retreating. Sell orders dominated, with 65.23 per cent of the order book on the sell side against 34.77 per cent on the buy side. Traded volume stood at 1.95 lakh shares worth ₹6.24 crore. The stock’s total market capitalisation was ₹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. For the full year, PBT climbed to ₹632 crore from ₹425 crore in FY25. Gross Direct Premium Income for Q4 grew 21.3 per cent year-on-year to ₹2,402 crore, while assets under management rose 16.3 per cent 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 numbers, the stock has underperformed this year. It is down 8.39 per cent year-to-date, against a 3.83 per cent decline in the Nifty 500. Its 52-week high of ₹381.40 was recorded in September 2025. The stock trades at a price-to-earnings multiple of 53.80.

The investors are possibly waiting for greater clarity on the company’s transition to Ind AS accounting standards, mandated by IRDAI from April 2026.

Published on April 29, 2026