The New India Assurance Company Ltd., incorporated in the year 1919, is a Large Cap company (having a market cap of Rs 22709.44 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 846.03 Crore, down -.75 % from last quarter Total Income of Rs 852.44 Crore and down -35.48 % from last year same quarter Total Income of Rs 1311.35 Crore. Company reported net profit after tax of Rs 523.89 Crore in latest quarter.
Investment Rationale
With sustained moves above important averages, the recent congestion phase seems to be in a mature phase. Positive follow-up action is likely to resume prevailing uptrend.
Promoter/FII Holdings
Promoters held 85.4 per cent stake in the company as of June 30, 2020, while FIIs held 0.1 per cent, DIIs 13.4 per cent and public and others 1 per cent.
