Go Digit share price: Go Digit made its stock market debut on May 23, 2024 with a 5 per cent premium over the IPO price of Rs 272 per share
Go Digit reported a significant 74.1 per cent year-on-year (Y-o-Y) increase in net profit for the third quarter ending December 31, 2024 (Q3FY25)
General insurance firm Go digit on Wednesday reported a nearly three-fold rise in its net profit at Rs 119 crore in the three months ended December 2024. The Fairfax-backed company had earned a net profit of Rs 43 crore in the same period a year ago. The gross written premium for the quarter rose to Rs 2,677 crore against Rs 2,428 crore in the year-ago period, Go Digit said in a regulatory filing. As at December 31, 2024, the assets under management stood at Rs 18,939 crore, compared to Rs 15,764 crore at the end of March 31, 2024.
In the past two trading sessions, Go Digit's stock increased up to 3 per cent. Including today's gain, it reached an intraday high of Rs 370 on Monday.
The stock debuted on a quiet note on the stock exchanges, BSE and NSE, on May 23, 2024. Go Digit stock listed at Rs 281.10 apiece on the BSE as against an issue price of Rs 272
Go Digit stock: Go Digit's valuation at FY26E P/E of 49.6x and P/B of 5.9x seems to be building-in an optimistic outlook and ignoring the challenges, Emkay Global said