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Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said
Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products
On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.
In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period