Niva Bupa shares rally over 11% as Motilal Oswal initiates coverage with 29% upside potential

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Motilal Oswal initiates ‘buy’ on Niva Bupa with Rs 100 target.
Stock surged 11.5% on bullish outlook.
Strong growth: 25% GWP, 32% PAT CAGR seen (FY25-28).
Backed by Bupa, with digital push and wide distribution.

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