Up over 24% from IPO issue price, this smallcap health insurer tanks post block deal

Shares of Niva Bupa Health Insurance tumbled sharply in Monday's trade (June 2, 2025) after a block deal in the counter in the pre-opening trade. As per Zee Business, 12 per cent equity  or 56.3 lakh shares changed hands in the scrip in the pre-opening deals.

After tumbling to the day's low of Rs 82, a drag of 11 per cent, shares at around 10:19 am traded with a cut of 9.6 per cent or Rs 8.86 at Rs 83.42 per share on the BSE. On the NSE, however, the scrip fell to the day's low of Rs 81.63, falling as much as 11.55 per cent.