GIC Re, New India Assurance extend rally; surge up to 40% in one month

On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.

Stock market rally, bull trading, Sensex, nifty

SI Reporter Mumbai
Shares of state-owned general insurance companies - the New India Assurance Company and General Insurance Corporation of India (GIC Re) rallied up to 10 per cent on the BSE in Wednesday's intra-day trade, extending their last week upward movement.

Individually, shares of GIC Re hit a fresh 52-week high, surging 10 per cent to Rs 182.65. The company said a meeting of the board of directors of the Corporation is scheduled to be held on Wednesday, December 21, 2022, to consider and approve general matters of the Corporation.

First Published: Dec 19 2022 | 10:53 AM IST

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