New India Assurance Stock Price Analysis and Quick Research Report. Is New India Assurance an attractive stock to invest in?

The insurance industry of India consists of 57 insurance companies. Life insurance companies contribute about 42% and approximately 58% are coming from non-life (general) insurance companies. The insurance industry plays an important role in any country’s economic development. Growth in the insurance industry also increases the risk-taking capacity of the country as more individuals are covered for unforeseen events.

Post Liberation, the insurance sector has recorded significant growth. In the past year, the life insurance industry saw greater growth than it has seen in several decades. Increasing awareness, innovative products, and more distribution channels will create robust demand in the industry. Therefore, the future looks promising for the insurance industry.

Life and Health Insurance covers against loss of life whereas property & casualty insurance covers specific assets against losses.

New India Assurance stock price today is Rs 192.5. Here are the few indispensable tools that should be a part of every investor’s research process.

• PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). New India Assurance has a PE ratio of 27.2987690736854 which is high and comparatively overvalued .

• Share Price: - The current share price of New India Assurance is Rs 192.5. One can use valuation calculators of ticker to know if New India Assurance share price is undervalued or overvalued.

• Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for New India Assurance is Rs 1.8 and the yield is 0.9356 %.