Niva Bupa Stock Soars 47% in 3 Days, Hits Record High

Niva Bupa Stock Soars 47% in 3 Days, Hits Record High

Niva Bupa Health Insurance shares surged 11.2% on December 5, reaching a record high of ₹109.34, marking a 47% increase in just three days.

This rally was sparked by speculation about potential GST cuts on health and life insurance premiums. Finance Minister Nirmala Sitharaman mentioned that the GST Council might discuss the issue in their upcoming meeting on December 21. However, Niva Bupa clarified it had not received any official confirmation about these changes. For Q2FY25, the company posted a net profit of ₹13 crore, up from a loss last year.

Trending News