News > Virat Kohli-backed Go Digit stock gets 24% upside by Jefferies

Virat Kohli-backed Go Digit stock gets 24% upside by Jefferies

Jefferies Research has initiated coverage on Go Digit General Insurance Ltd., with a 24% upside potential on profitability focus, aided by an upcycle in the motor segment. The brokerage has 'buy' on the recently listed company, with a target price of Rs 420 per share, against the current Rs 359.6 apiece on the BSE. As growth moderates, product diversification and operating leverage can improve the combined operating ratio, Jefferies said.