Today, we’re going on a journey to explore the New India Assurance Share Price Target for the years 2023 to 2050. New India Assurance is a leading insurance company in India, providing a wide range of insurance products to individuals and businesses across the country.
Established in 1919, the company has a rich history of serving the insurance needs of the Indian people for over a century. With a strong presence in both urban and rural areas, New India Assurance has become a trusted name in the Indian insurance industry. The company offers a variety of insurance products, including health insurance, motor insurance, travel insurance, and more. Its comprehensive range of insurance products caters to the diverse needs of its customers.
New India Assurance has a vast network of branches and offices across India, making it easily accessible to customers in both urban and rural areas. The company’s customer-centric approach and commitment to providing quality services have helped it build a loyal customer base over the years.
Overview of New India Assurance
| Name | The New India Assurance Co. Ltd |
| Symbol | NSE: NIACL |
| Industry | Insurance and related financial services. |
| Founded | 1919 |
| Headquarters | Mumbai, Maharashtra, India |
| Services | health insurance, motor vehicle insurance, travel insurance, rural insurance, commercial insurance, etc. |
| Country | India |
| Locations | both in India and internationally |
| Website | newindia.co.in |
| Profile | New_India |
While its roots are firmly planted in Indian soil, New India Assurance’s vision extends beyond national borders. With a presence in over 28 countries, it’s a global player, representing the aspirations and capabilities of Indian enterprises on the world stage. This international presence not only diversifies the company’s risk portfolio but also enables it to bring global best practices back to India.
The business of New India Assurance is centered around providing a wide range of insurance products to its customers. These products include motor insurance, health insurance, travel insurance, home insurance, and many more. The company has a strong focus on customer satisfaction and has been consistently rated as one of the best insurance companies in India.
Keep an eye on New India Assurance’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in New India Assurance’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for New India Assurance stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the New India Assurance share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are Not available on New India Assurance.
Fundamentals of New India Assurance
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched New India Assurance price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
we forecast that the New India Assurance share price target for 2023 is in the range of ₹250 to ₹270. The company has shown consistent growth in its revenue and profit over the years, and we expect this trend to continue in the coming years. Additionally, the Indian insurance market is expected to grow at a CAGR of 12.9% during the period 2021-2026, which will positively impact the company’s growth prospects.
For 2024, we forecast that the New India Assurance share price target is in the range of ₹280 to ₹300. The company has a strong market position in the Indian insurance industry, and we expect it to continue to benefit from the growing demand for insurance products in the country. Additionally, the company’s focus on digitalization and innovation will help it to improve its operational efficiency and customer experience, which will positively impact its growth prospects.
For 2025, we forecast that the New India Assurance share price target is in the range of ₹320 to ₹340. The company has a diversified product portfolio and a strong distribution network, which will help it to capitalize on the growing demand for insurance products in India. Additionally, the company’s focus on expanding its international operations will help it diversify its revenue streams and reduce its dependence on the Indian market.
For 2027, we forecast that the New India Assurance share price target is in the range of ₹400 to ₹420. The company has a strong brand reputation and a loyal customer base, which will help it to maintain its market position in the Indian insurance industry. Additionally, the company’s focus on innovation and digitalization will help it improve its customer experience and operational efficiency, which will positively impact its growth prospects.
For 2030, we forecast that the New India Assurance share price target is in the range of ₹500 to ₹550. The Indian insurance market is expected to grow at a CAGR of 12.9% during the period 2021-2026, and we expect New India Assurance to benefit from this growth. Additionally, the company’s focus on expanding its international operations and diversifying its revenue streams will help it reduce its dependence on the Indian market and improve its growth prospects.
For 2035, we forecast that the New India Assurance share price target is in the range of ₹700 to ₹750. The company has a strong market position in the Indian insurance industry and a diversified product portfolio, which will help it capitalize on the growing demand for insurance products in the country. Additionally, the company’s focus on innovation and digitalization will help it improve its customer experience and operational efficiency, which will positively impact its growth prospects.
For 2040, we forecast that the New India Assurance share price target is in the range of ₹1000 to ₹1100. The Indian insurance market is expected to continue to grow in the long run, and we expect New India Assurance to benefit from this growth. Additionally, the company’s focus on expanding its international operations and diversifying its revenue streams will help it reduce its dependence on the Indian market and improve its growth prospects.
For 2050, we forecast that the New India Assurance share price target is in the range of ₹1500 to ₹1700. The Indian insurance market is expected to continue to grow in the long run, and we expect New India Assurance to benefit from this growth. Additionally, the company’s focus on expanding its international operations and diversifying its revenue streams will help it reduce its dependence on the Indian market and improve its growth prospects.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹250 | ₹270 |
| 2024 | ₹280 | ₹300 |
| 2025 | ₹320 | ₹340 |
| 2026 | ₹360 | ₹380 |
| 2027 | ₹400 | ₹420 |
| 2030 | ₹500 | ₹550 |
| 2035 | ₹700 | ₹750 |
| 2040 | ₹1000 | ₹1100 |
| 2050 | ₹1500 | ₹1700 |
Competitors of New India Assurance
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Life Insurance | 11.46 | 426494.59 |
| HDFC Life Insur. | 98.30 | 144783.15 |
| SBI Life Insuran | 76.76 | 141409.01 |
| ICICI Pru Life | 87.58 | 79422.15 |
| ICICI Lombard | 40.57 | 71289.40 |
| General Insuranc | 8.97 | 54693.42 |
| New India Assura | 39.46 | 37261.28 |
Analyst Recommendations
New India Assurance Buy or Sell
Daily Low / High
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– According to Google historical data, the price of Rattan India on 17 NOV 2017 was ₹337.78
– As of 28 November 2023, the current share price of Rattan India is ₹228.80 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Rattan India in 2023 could be ₹270.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “New India Assurance Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold New India Assurance stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
