India, March 4 -- Update | March 04, 04:45 PM

Insurtech major Go Digit General Insurance soared over 11% to INR 324.60 apiece during the intraday trading session on the BSE today (March 4).

The stock closed more than 7% higher at INR 312.90 per share on the BSE, compared to its previous close of INR 292 apiece from yesterday (March 3).

The company's market capitalisation stood at INR 27,992.67 Cr ($3.20 Bn).

This comes in the light of its recent acquisition of 0.32% stake in pharmaceutical major Dr. Reddy's Laboratories by investing INR 30 Cr, a few days ago.

As per its regulatory filing, the company then said, "The investment in shares is being made in the ordinary course of the investment function of the company."

The Bengaluru-ba...