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New India Assurance Co. Ltd. ( (IN:NIACL) ) just unveiled an announcement.
The New India Assurance Company Limited has announced that it received an income tax refund amounting to Rs. 249.79 Crores for the assessment year 2009-10, which includes interest of Rs. 8.89 Crores. This refund could positively impact the company’s financial position and provide additional liquidity, potentially enhancing its market standing and operational capabilities.
More about New India Assurance Co. Ltd.
The New India Assurance Company Limited is a government-owned insurance company in India. It primarily offers a wide range of insurance products and services, focusing on general insurance solutions for individuals and businesses.
Average Trading Volume: 339,663
Technical Sentiment Signal: Buy
Current Market Cap: 328.7B INR
For a thorough assessment of NIACL stock, go to TipRanks’ Stock Analysis page.