Individually, shares of GIC Re hit surged 11 per cent to hit 52-week high of Rs 162.90 per share. Moreover, the stock surpassed its previous high of Rs 153, which it had touched on November 29, 2022. The average trading volumes on the counter jumped over nine-fold, as around 7.8 million shares, changed hands on NSE and BSE.
New India Assurance, GIC Re rally up to 12% on heavy volumes
In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period
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The insurance regulator is currently looking into the proposal, an official said
Individually, shares of GIC Re hit surged 11 per cent to hit 52-week high of Rs 162.90 per share. Moreover, the stock surpassed its previous high of Rs 153, which it had touched on November 29, 2022. The average trading volumes on the counter jumped over nine-fold, as around 7.8 million shares, changed hands on NSE and BSE.
First Published: Dec 14 2022 | 12:40 PM IST
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