The New India Assurance Company Ltd. shares surged on Monday, extending gains for a second consecutive session as trading volumes picked up sharply.
The general insurer's stock climbed as much as 14.28% to Rs 185.39 on the NSE, compared with its previous close of Rs 162.23, at around 12:59 p.m.
The stock opened at Rs 162.98 and traded within a wide range during the session. Its previous session, on Friday, Oct. 9, had ended with a 2.59% gain at Rs 162.23. The stock had closed at Rs 158.14 on Oct. 8, after declining 0.72% during that session. It has now rebounded sharply after a period of weakness.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Trading Volumes Jump
Trading activity in the stock increased substantially on Monday. The NSE data showed traded volume of 530 lakh shares around 1:10 p.m., while the traded value stood at Rs 957 crore. The stock's free-float market capitalisation was Rs 4,421.9 crore, against a total market capitalisation of Rs 30,430.3 crore.
The surge in volumes accompanied the sharp price rise, making trading activity a key metric to track as the stock extends its recovery. The movement comes amid weakness in the broader market, with the Nifty 50 down around 0.62% over the same period.
How Has the Stock Performed in the Past?
New India Assurance has gained 16.84% over the past week, outperforming the Nifty 500, which declined 0.63% over the same period. However, the stock remains down 6.73% over the past month and 4.06% over the past year.
Having said that, the shares have risen 18.33% since the beginning of 2026. The stock has delivered a 33.54% return over three years, while its five-year return stood at 12.41%.
The stock traded within the range of Rs 116.97 and Rs 242.60 during the past 52 weeks, and is currently trading at a price-to-earnings multiple of 37.28.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
