NRIC Near Lower Circuit: Nepal's Reinsurance Stocks Hammered — April 1, 2026

Nepal's reinsurance stocks became the epicentre of April 1, 2026's market selloff. Nepal Reinsurance Company (NRIC) crashed 9.84% to Rs 1,063 — just missing the lower circuit limit — while Himalayan Reinsurance (HRL) generated the day's highest turnover of Rs 712.93 million as investors rushed to exit positions. Together, these two stocks accounted for over Rs 1.1 billion in combined turnover, reflecting the scale of the exit.

Reinsurance Stocks — April 1, 2026 Data

Stock	Company	LTP (Rs)	Change (%)	Turnover	Volume
HRL	Himalayan Reinsurance Limited	786.90	Declined	Rs 712.93M	889,650
NRIC	Nepal Reinsurance Company Limited	1,063.00	-9.84%	Rs 426.24M	391,098

NRIC — 9.84% Near-Circuit Decline

Nepal Reinsurance Company (NRIC) plunged 9.84% to Rs 1,063 with 391,098 shares traded and Rs 426.24M in turnover. This near-circuit decline from what was previously approximately Rs 1,179 represents a massive single-day loss for shareholders. The previous close was around Rs 1,179 (based on a 9.84% decline to Rs 1,063).

The sheer scale of volume (391,098 shares at Rs 1,063+ average) indicates this was not retail panic — institutional-level sellers were using the market's liquidity to exit large positions.

HRL — Rs 712.93M Turnover Leader

Himalayan Reinsurance Limited (HRL) claimed the title of Nepal's highest-turnover stock on April 1, 2026, with an extraordinary Rs 712.93 million in trades across 889,650 shares at Rs 786.90 per share. This is a massive turnover figure — exceeding even the most active hydropower stocks on most days.

The combination of massive volume and declining price in HRL is a classic institutional exit pattern. Large holders are distributing shares at scale, using market liquidity to minimize price impact. This kind of activity typically takes multiple sessions to fully resolve.

Understanding Nepal's Reinsurance Sector

Reinsurance companies insure insurance companies — they take on risk from primary insurers. In Nepal, two companies dominate:

• NRIC (Nepal Reinsurance Company): The older and larger of the two, providing treaty and facultative reinsurance to Nepal's insurance industry
• HRL (Himalayan Reinsurance Limited): A newer entrant providing competition in Nepal's reinsurance market

Reinsurance stocks are particularly vulnerable to insurance sector regulation because their revenue depends entirely on primary insurance companies — if insurance companies face adverse policies (premium caps, mandatory limits, etc.), reinsurance demand falls.

Outlook for NRIC and HRL

Both stocks are now in oversold territory based on their sharp single-day declines. Key levels to watch:

• NRIC: Rs 1,000 is a key psychological support. A break below could accelerate selling toward Rs 950-960.
• HRL: Rs 750-760 is the next support zone after today's decline to Rs 786.90.
• Recovery catalyst: Any Finance Ministry statement clarifying that reinsurance companies are not targeted could trigger sharp bounces in both stocks.

Nepal's reinsurance sector bore the brunt of April 1, 2026's policy-fear selloff. NRIC's near-circuit decline and HRL's massive Rs 712.93M exit turnover paint a clear picture: institutional investors used the available liquidity to exit reinsurance positions at scale. Whether this proves an overreaction or the start of a sustained correction depends entirely on what specific policies the Finance Minister ultimately announces regarding the insurance and reinsurance sectors.