Motors, health & fire segments witnessed strong growth in General Insurance industry in first 4 months of the current financial year. In motor segment, ICICI Lombard loses mkt share, whereas New India Assurance sees strong growth. Yash Jain lines up the key highlights from the space

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Strong Growth In Motor, Health & Fire Insurance Industry In FY24 So Far | CNBC TV18

Stocks that were in focus include names like The New India Assurance Company which rose more than 5%, General Insurance Corporation which gained nearly 6% to hit a fresh 52-week high and Welspun India which was up over 6% during the session.

Breakout Stocks: How New India Assurance, General Insurance and Welspun India are looking on charts for Wednesday’s trade

Stalin opposes Hindi circular by New India Assurance

New India Assurance Company Ltd stock has given a return of 14.55 percent over the last six months against Nifty’s 0.75 percent

New India Assurance Company Ltd up 2% on May boost to market share

Non-Life Insurance Sector: New India Assurance Co Ltd, the largest government-owned general insurance player reported a growth of 9.67% to Rs 2421 crore while private sector insurer ICICI Lombard grew by 21% to Rs 1730 cr

Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May

ABB India continued to make higher highs, higher lows formation for eighth consecutive session, and formed long bullish candlestick pattern on the daily scale. The stock gained 5.55 percent to end at record closing high of Rs 3,645, continuing uptrend for eight days in a row, with strong volumes.

Trade Spotlight | How should you trade in New India Assurance, ABB India, PNC Infratech today

General Insurance Corporation’s stock jumped 18.94 per cent to hit a day high of Rs 185.60 over its previous close of Rs 154.70. In the case of New India Assurance, the stock surged 15.86 per cent to touch Rs 127.50 against a previous close of Rs 110.05.

General Insurance Corporation, New India Assurance zoom up to 20% today; here’s what technical charts hint

The four companies are National Insurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd and The New India Assurance Company Ltd

Public sector non-life insurers doesn’t respect CLC orders: GIEAIA

The Life Insurance Corporation (LIC), GIC Re. and New India Assurance continue to be identified as Domestic Systemically Important Insurers (D-SIIs), the insurance regulator said.

IRDAI names LIC, GIC Re and New India Assurance as domestic systemically important insurers

India’s Insurance Regulatory and Development Authority (Irdai) has declared three state-run insurers, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance, as Domestic Systemically Important Insurers (D-SIIs). Such insurers are deemed “too …

LIC, GIC Re, New India remain Domestic Systemically Important Insurers, says Irdai

The verdict came in a case of a car accident in which a man was killed after the car he was traveling in toppled following a tyre burst. However, the New India Assurance Co Ltd. refused to pay compensation, saying that the accident was an act of God.

‘Tyre burst is not an act of God’: Bombay High Court tells insurance company to pay compensation

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The New India Assurance Co Ltd is an India-based government owned multinational general insurance company whose products include Personal Insurance, Commercial Insurance, Industrial Insurance, Liability Insurance and Social Insurance

New India Assurance Company Ltd