New India Assurance Share Price: ₹256 Crore Tax Refund se Company mein Hui Tezi!

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AuthorIshaan Verma|Published at:
New India Assurance Share Price: ₹256 Crore Tax Refund se Company mein Hui Tezi!
Overview

New India Assurance ke shares aaj **1.22%** badh gaye, **₹164.57** par pahunch gaye. Reason? Company ko **₹255.68 crore** ka tax refund mila hai FY20 ke liye. Ye news tax disputes aur strong Q4 results ke baad aayi hai.

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New India Assurance Company Limited ke shares 1.22% upar band hue, ₹164.57 par. Company ne announce kiya hai ki Income Tax Department ne ₹255.68 crore ka refund issue kiya hai FY20 ke liye. Is news se stock ko boost mila, haalanki intraday high ₹169.01 se thoda pullback dekha gaya.

Pehle Kya Hua Tha Tax Ke Saath?

Ye refund tab aaya hai jab New India Assurance tax scrutiny se guzar rahi thi. March 24 ko, company ne ek income tax assessment order disclose kiya tha FY24 ke liye, jismein lagbhag ₹189.37 crore ka mamla tha. Company ne kaha tha ki woh National Faceless Appeal Centre mein is order ke khilaaf appeal karegi.

Q4 Mein Bhi Kamaal?

Tax refund ke saath hi, company ne recently apne Q4 results bhi announce kiye hain. May 11 ko, New India Assurance ne bataya tha ki unka gross written premium FY ke liye 8.2% grow hua hai. Unka domestic business industry se behtar raha, market share 12.56% se badh kar 12.74% ho gaya. Profit after tax poore saal ke liye 40% aur Q4 mein 61% badha hai.

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