Go Digit shares surge 8% after 37% YoY gain in Q1 profit
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Shares of Go Digit General Insurance surged 7.65% to Rs 371 after announcing a robust 37% year-on-year (YoY) increase in its net profit for the first quarter. This growth was largely driven by improved collections of insurance premiums.The new-age insurance startup posted a net profit of Rs 138 crore for the quarter ended June 30 compared with Rs 101 crore a year earlier.Total income increased by 5% year-on-year to Rs 2,179 crore, up from Rs 2,076 crore in the corresponding quarter of the previous year.A key metric for insurance companies, gross written premiums (the total premiums collected before deducting any expenses or claims), grew by 12% year-over-year to Rs 2,981.8 crore.Additionally, the net premium earned — which is the actual revenue retained after accounting for reinsurance and other adjustments — increased slightly to Rs 1,865 crore compared to Rs 1,823.7 crore last year. These figures suggest that Go Digit is expanding its business and improving its revenue streams steadily.As of June 30, 2025, the company's assets under management (AUM) reached Rs 20,861 crore, reflecting a 17.4% increase from Rs 17,773 crore recorded a year earlier on June 30, 2024.The stock of Go Digit General Insurance has rallied approximately 28% over the past three months, reflecting strong investor interest. Its 52-week high stands at Rs 407.55, while the 52-week low is Rs 264.80.From a technical analysis perspective, the 14-day Relative Strength Index (RSI) is currently at 47.1. The RSI is a momentum indicator that measures the speed and change of price movements. Typically, an RSI below 30 suggests the stock is oversold (potentially undervalued), while an RSI above 70 indicates it is overbought (possibly overvalued). At 47.1, the stock is in a neutral zone, neither oversold nor overbought.Additionally, Go Digit General Insurance is trading above all 8 of its Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA. This alignment of price above multiple moving averages is generally considered a bullish signal, suggesting positive momentum across different time frames.
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