New Delhi, April 23 -- Shares of Niva Bupa Health Insurance, a recent entrant on Dalal Street, jumped 11.5% in Wednesday's intraday trade (April 23), hitting a 17-week high of Rs.86.40 apiece. The stock has ended higher in 8 out of the last 10 trading sessions (including today), resulting in a cumulative gain of 40% from its April 7 low.

Domestic brokerage firms have recently issued a bullish outlook on the stock, highlighting the company's strong foothold in the high-growth health insurance sector. Analysts believe that the company's focus on retail customers and its efficient claim settlement process will drive faster growth, outpacing the broader industry.

Domestic brokerage firm Motilal Oswal in its latest report, initiated coverage...