The New India Assurance Company Limited (NIACL) witnessed a robust surge of more than 11 percent in the morning trade on November 24, reaching a fresh 52-week high. This spike followed the insurer’s announcement that analysts and institutional investors are scheduled to meet with senior management in Mumbai on November 29.
During the upcoming meeting, CMD Neerja Kapur and other top officials from NIACL will represent the management, attracting keen anticipation, especially after the firm reported a one-off loss in the September quarter.
The planned conference call will commence with a concise management discussion on the financial results for the fiscal second quarter, as officially stated in a regulatory filing on November 8.
As of 10:34 am, NIACL’s shares were trading at ₹192.00, reflecting a substantial 10.22% increase.
