NIACL's stock surged nearly 30% after the NSE's IPO prospectus revealed NIACL as a selling shareholder. Despite profit growth, NIACL faces underwriting losses and a high combined ratio, leading to a lower valuation multiple compared to competitors.
NIACL's stock surged nearly 30% after its role as a selling shareholder in the NSE's IPO prospectus was revealed. While potential capital gains from this stake sale could significantly boost FY27 profits, the company continues to face challenges from underwriting losses and a…
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