Niva Bupa shares surge over 10% on strong Q4 results. The health insurance company reported a 67% year-over-year jump in net profit to 345 crore rupees for the March quarter, up from 206 crore rupees in the same period last year. Total income climbed to 2,078 crore rupees while gross written premium grew strongly to 2,880 crore rupees, reflecting solid policy sales and market share gains. The stock hit a high of 89.77 rupees on the NSE. Morgan Stanley raised its target price to 91 rupees from 84 rupees, citing a strong profit beat driven by lower operating expenses and improved insurance metrics. The company's management highlighted market share gains and improved claim settlement ratios as evidence of customer trust and operational excellence in the competitive health insurance sector.
