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General Insurance Corp shares soars nearly 13 pc as profit nearly doubles in Q1

On the NSE, shares of the company rose sharply by 12.33 percent to settle at Rs 375.20.


PTI Last Updated at 30 Jul 2018, 18:07 IST India

Shares of General Insurance Corporation of India soared nearly 13 percent today after the company reported around two-fold jump in net profit for the first quarter of 2018-19 compared to the year-ago period.

The stock advanced by 12.65 percent to close at Rs 376.75 on the BSE. Intra-day, it jumped 14.51 percent to Rs 383.

On the NSE, shares of the company rose sharply by 12.33 percent to settle at Rs 375.20.

General Insurance Corporation of India (GIC Re) today reported around two-fold jump in net profit at Rs 771.42 crore for the first quarter of 2018-19 compared to the year-ago period.

The company had posted a net profit of Rs 390.11 crore for the corresponding April-June period of 2017-18.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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