New India Assurance - Potential disinvestment target
In our FM's speech today she mentioned disinvestment of 1 insurance company. Also upto 74% ownership by FDI.
New India was the only GOI insurance player which did not require capitalisation last year which makes it a more attractive player for a buyout than the other ones which still require support from the govt.
Additionally compared to all other insurance players it is v v under valued and is profitable.
Watch this stock above 144 for a new trend to begin. First target would be 169. SL 137 for if global markets continue to correct..
New India was the only GOI insurance player which did not require capitalisation last year which makes it a more attractive player for a buyout than the other ones which still require support from the govt.
Additionally compared to all other insurance players it is v v under valued and is profitable.
Watch this stock above 144 for a new trend to begin. First target would be 169. SL 137 for if global markets continue to correct..
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