Shares to buy under Rs 100:

JMFINANCIL

bullish on this insurer stock with 11% upside

Niva Bupa Share Price Target: Analysts at domestic brokerage -- JM Financial -- have initiated coverage with expecting almost 11 per cent gain in future term on recently listed health insurance provider firm - Niva Bupa - highlighting the insurer’s strong growth trajectory in India’s fast-expanding health insurance market, though near-term pressures may weigh on margins and profitability. According to the brokerage, the health insurance industry to grow in the high teens, while Niva Bupa’s gross written premium (GWP) is projected to clock a 25 per cent CAGR during FY25–FY28E, before stabilising at 20–25 per cent thereafter. However, analysts cautioned that growth could remain subdued in the second half of FY25 due to premium amortisation with a return to normalisation expected from 2HFY26.