Standalone health insurers led the rise, recording 30.4 per cent year-on-year growth in premiums to Rs 4,377.14 crore, according to General Insurance Council data
ACC, Ambuja Cements, India Cements and Shree Cement from the cement sector hit their respective 52-week lows.
General insurance stocks rally: The Supreme Court of India directed an increase in the mandatory third-party motor insurance coverage period for new vehicles.
The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability
ICICI Lombard General Insurance Company's share price crashed 15 per cent after sharp decline in profit and increased COR.
ICICI Lombard General Insurance reported a 46 per cent decline in first-quarter profit as higher claims, reserve provisions and large fire losses weighed on profitability
Growth in protection products is expected to offset the impact of GST-related input tax credit changes on life insurers, while lower combined ratios may support non-life insurers' profitability
The brokerage said that it prefers Star Health in the space as it has recommended a 'Buy' rating on the stock for a target price of ₹650.
The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders
Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date