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1 Comment
The New India Assurance Company Limited is currently in a long term uptrend where the price is trading 20.5% above its 200 day moving average.
From a valuation standpoint, the stock is 97.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.8.
The New India Assurance Company Limited's total revenue rose by 1.8% to $86B since the same quarter in the previous year.
Its net income has increased by 7.7% to $5B since the same quarter in the previous year.
Finally, its free cash flow grew by 310.7% to $17B since the same quarter in the previous year.
Based on the above factors, The New India Assurance Company Limited gets an overall score of 5/5.
Exchange | NSE |
---|---|
CurrencyCode | INR |
ISIN | INE470Y01017 |
Sector | Financial Services |
Industry | Insurance - Diversified |
Market Cap | 278B |
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PE Ratio | 28.18 |
Target Price | 210 |
Beta | 0.98 |
Dividend Yield | 1.2% |
The New India Assurance Company Limited, together with its subsidiaries, operates as a general insurance company in India and internationally. The company provides credit, engineering, aviation, property, personal accident, liability, marine cargo, marine hull, fire, motor, health, social sector, and miscellaneous insurance products. It also offers crop, cattle, sheep, goat, poultry, horticulture/plantation, and micro insurance products, as well as insurance for agriculture solar pump sets. In addition, the company provides insurance for home and contents, animal driven carts, and pedal cycles. Further, it offers bancassurance and reinsurance products; and government schemes. The New India Assurance Company Limited was incorporated in 1919 and is headquartered in Mumbai, India.
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