Investor Alert: Why undervalued Veritas Kapital Assurance’s shares are rising

Some stocks listed on the Nigerian Exchange have posted triple-digit gains, one of which is Veritas Kapital Assurance (VERITASKAP), which has gained 338 percent year-to-date. The stock started 2024 with a share price of N0.37 and traded at a share price of N1.62 as of October 7, 2024. VERITASKAP’s surge in the second half of 2024 has beaten the NGX growth trend. So far in H2, the stock has appreciated by 76 percent, despite the NGX declining by 2 percent during the same period. Between May and July 2024, VERITASKAP appreciated by over