New India Assurance’s stock falls 11%

New Delhi: Shares of The New India Assurance Company Ltd plummeted 11 per cent on Monday after the general insurer reported a decline in net profit in the December quarter. The scrip of the company plunged 10.95 per cent to trade at Rs259.10 apiece on the BSE.

On the NSE, New India Assurance’s shares tumbled 10.91 per cent to trade at Rs259.20 per piece. In mid-session trade, 30-share benchmark BSE Sensex slipped 384.01 points or 0.54 per cent to trade at 71,211.48, while NSE Nifty declined 0.56 per cent to trade at 21,660.65 points.