Why Choose GIC Re?GIC Re, or General Insurance Corporation of India, is a leading global reinsurance company with a robust portfolio and a strong market presence. Established in 1972, GIC Re provides a comprehensive range of reinsurance services, covering both life and non-life segments. The company operates with a strategic focus on diversifying its business across various geographies and risk categories, ensuring balanced growth and stability.
### Key Features and Benefits:
1. **Global Reach**: GIC Re operates in multiple countries, offering reinsurance solutions to clients worldwide. This extensive network ensures access to diverse markets and reduces dependency on any single region.
2. **Comprehensive Coverage**: The corporation offers a wide array of reinsurance products, including property, health, marine, aviation, and casualty reinsurance. This broad spectrum meets the varied needs of clients.
3. **Financial Stability**: GIC Re boasts strong financial ratings from leading agencies, reflecting its sound capital base and prudent risk management practices. This financial robustness ensures reliability and trustworthiness as a reinsurance partner.
4. **Expertise and Experience**: With decades of experience in the reinsurance industry, GIC Re has developed deep expertise and understanding of market dynamics, enabling it to provide tailored and effective solutions to its clients.
5. **Innovative Solutions**: The company is committed to innovation, continually developing new products and services to address emerging risks and changing market conditions. This forward-thinking approach helps clients manage their risks more effectively.
6. **Client-Centric Approach**: GIC Re prioritizes customer satisfaction, offering personalized services and dedicated support. The company's client-centric philosophy ensures long-term partnerships and mutual growth.
### Why Choose GIC Re?
- **Reliability**: Proven track record of consistent performance and timely claim settlements.
- **Adaptability**: Flexible solutions designed to meet specific client requirements.
- **Expertise**: In-depth industry knowledge and technical proficiency.
- **Global Presence**: Extensive international network providing a broad market perspective.
- **Innovation**: Commitment to developing cutting-edge reinsurance solutions.
Investing in GIC Re means partnering with a stable, innovative, and experienced reinsurance leader that can provide comprehensive coverage and support in managing a wide range of risks.
GICRE trade ideas
GENERAL INSURANCE CORPORATIONThe stock after facing price rejection around 440 to 467 levels came back to below 50 DMA levels. It has been consolidating since then for almost 3 months now. Finally, today we saw it breaking out of the consolidation zone. We saw a widespread bar on very high volume. The relative strength is also turning positive. The money flow has been positive for the last few sessions. We can also see a reversal in the momentum to the positive side. If the stock sustains above the high of today's bar, we can see the stock testing the previous price rejection zone at 440 to 467 levels. Now the only point of caution here is today's very high-volume bar, it is like a BC bar which can cast a shadow of supply bringing the stock down back into the consolidation zone. So that is why we need to have positive close above the shadow of the BC bar for the stock to move higher. So, it is a stock worth watching.
GICRE go long ifit crosses 337.75
entry @ 337.80
stop loss: 295.55 (12.5% risk involved)
target: 422.30 (25% reward with a risk of 12.5%)
buy this stock only one can handle risk of 12.5%
this is my stock idea and i am entering in it with 12.5% risk, if one cannot handle 12.5% risk please do not enter into it.
I am no SEBI registered individual , please do your own analysis before entering into it.
General Insurance Corporation of India Weekly Chart AnalysisGICRE has given a strong breakout on weekly chart with huge volume spike. we can consider this stock for longterm at current market price 370 with sl of 290
Company has delivered good profit growth of 31.5% CAGR over last 5 years
Debt to equity - 0.00
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in GICRE
BUY TODAY SELL TOMORROW for 5%
GICRE 297 General Insurance Corporation of IndiaMarket Cap ₹ 52,141 Cr.| Current Price ₹ 297
52 High / Low₹ 302 / 128 Stock P/E 8.50
Book Value ₹ 254 | Dividend Yield 2.41 %
ROCE 20.6 % ROE 16.8 % Face Value ₹ 5.00
Promoter holding 85.8 % Current liabilities ₹ 95,752 Cr.
Total Assets ₹ 1,67,641 Cr.
Return over 1year 83.1 %
Return over 6months 45.2 %
Return over 3months 21.8 %
Return over 1month 18.7 %
Return over 3years 24.4 %
Return over 5years -2.79 %
MACD₹ 10.6 RSI ₹ 72.4
DMA 50 ₹ 230 DMA 200 ₹ 197
Volume 7,67,407 Avg Vol 1Mth 14,59,460 Avg Vol 1Wk 21,01,221
GICRE - Bullish Consolidation with VolumesNSE: GICRE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
⭐️#GICRE Ready for a potential breakout !⚡️Price: ₹ 184
💡Fair amount of contraction seen on daily chart.
💡50% upthrust seen in stock recently.
💡Stock Trading above 20 & 50 EMA
💡Breakout above 190 Support 178
💡RR Favorable for going long.
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