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General Insurance Corporation of India (GICRE)

₹396.852.33%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on General Insurance Corporation of India

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

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    In the last 3 years, GICRE has outperformed top 5 stocks with highest market-cap in Insurance

  • imgPOSITIVE IMPACT

    Best in 1 Year

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    In the last 1 year, GICRE has outperformed top 5 stocks with highest market-cap in Insurance

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 2.15% to 2.29% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

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    Netprofit is up for the last 2 quarters, 1.43K Cr → 2.58K Cr (in ₹), with an average increase of 44.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

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    In the last 7 days, GICRE stock has moved up by 4.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 85.78% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

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    Revenue is down for the last 3 quarters, 13.46K Cr → 10.38K Cr (in ₹), with an average decrease of 12.1% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

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    Foreign Institutions have decreased holdings from 0.95% to 0.86% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 0.22% to 0.15% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹395.3
    ₹410
  • 52 Week's Low

    52 Week's High

    ₹178.6
    ₹467.8
1 Month Return+ 10.09 %
3 Month Return+ 24.21 %
1 Year Return+ 125.72 %
Previous Close₹406.30
Open₹405.00
Volume17.16L
Upper Circuit-
Lower Circuit-
Market Cap₹71,281.27Cr

Analyst Rating

based on 4 analysts

HOLD
50.00%
Buy
0.00%
Hold
50.00%
Sell

Based on 4 analysts offering long term price targets for General Insurance Corporation of India. An average target of ₹336.5

Source: S&P Global Market Intelligence

Company Information

General Insurance Corporation of India (GIC Re) is one of the leading reinsurance companies in India, providing reinsurance services to a wide range of insurance companies. Incorporated in 1972, GIC Re is a wholly owned subsidiary of the Government of India and is headed by its Chairman and Managing Director, Alice Vaidyan.

GIC Re operates in four major lines of business: Life, Health, Property and Casualty, and Reinsurance. The company offers products and services such as motor, health, travel, fire, marine and engineering insurance, as well as crop, liability, credit and surety reinsurance. GIC Re also provides innovative products such as microinsurance, weather-based crop insurance, and cyber insurance.

GIC Re's top products include motor insurance, health insurance, crop insurance, and liability insurance. The company's popular brands include GIC Re, GIC Re Health Insurance, GIC Re Crop Insurance, and GIC Re Liability Insurance. GIC Re also offers a range of reinsurance services, including treaty and facultative reinsurance, and catastrophe and risk-management services.

Share Price: ₹396.85 per share as on 24 Jun, 2024 04:01 PM
Market Capitalisation: ₹71,281.27Cr as of today
Revenue: ₹0.00Cr as on March 2024 (Q1 24)
Net Profit: ₹2,554.13Cr as on March 2024 (Q1 24)
Listing date: 25 Oct, 2017
Chairperson Name: Devesh Srivastava
OrganisationGeneral Insurance Corporation of India
Headquarters
IndustryInsurance
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Key events for General Insurance Corporation of India

  • GST Council's Decision to Not Levy Tax on Co-Insurance Premium and Reinsurance Commission a Relief for General Insurance Companies - 24 Jun, 2024

    The GST Council's decision to not levy tax on co-insurance premium and reinsurance commission retrospectively is expected to bring multifold benefits, significantly reducing ongoing litigation and compliance burdens while providing clarity and stability to the insurance industry. This move is seen as a big solace for the insurance and reinsurance industry.

  • Insurance Stocks Surge as Industry Data Shows Steady Growth in Premiums - 14 Jun, 2024

    Shares of insurance companies, including General Insurance Corporation of India, rose up to 5% after May industry data showed a steady growth in premiums. The general insurance industry saw a 15% YoY rise in premiums while standalone health insurance premiums increased by 26% YoY.

  • Former IDBI Capital Chief Dealer and Sister Front-Run Trades of Institutional Clients - 31 May, 2024

    Gaurav Dedhia and his sister Kajal Savla front-ran trades of institutional clients, including General Insurance Corporation of India, to profit more than Rs 1.28 crore in the cash segment and more than Rs 32.82 lakh in the F&O segment.

  • General Insurance Corporation of India Reports Decrease in Earnings - 30 May, 2024

    General Insurance Corporation of India reports a 4.2% decrease in revenue and a 30% decrease in net income for FY 2024. The company's profit margin also decreased from 15% to 11%. Revenue is forecasted to remain flat over the next three years, compared to an 8.6% growth forecast for the insurance industry in India. The stock has dropped by 6.4% in the past week.

  • General Insurance Corp of India Reports 8.25% YoY Increase in Net Sales - 29 May, 2024

    General Insurance Corporation of India reported a consolidated net sales of Rs. 10,254.16 crore for March 2024, up 8.25% YoY. However, quarterly net profit decreased by 5.45% YoY to Rs. 2,580.42 crore. The stock has given returns of 14.60% over the last 6 months and 100.70% over the last 12 months.

  • Quarterly Results of GIC and Other Companies in Focus - 28 May, 2024

    General Insurance Corporation of India (GIC) is among the 453 companies set to post their quarterly results. The market will be closely watching for any developments or earnings reports from these companies.

General Insurance Corporation of India Valuation

General Insurance Corporation of India in the last 5 years

  • Overview

  • Trends

Lowest (-338.02x)

December 17, 2020

Today (6.90x)

June 21, 2024

Industry (25.25x)

June 21, 2024

Highest (69.20x)

October 30, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI PSU Direct GrowthSBI PSU Direct Growth1.39%
Mirae Asset Banking and Financial Services Fund Direct GrowthMirae Asset Banking and Financial Services Fund Direct Growth1.06%
Bank of India ELSS Tax Saver Fund Direct Plan GrowthBank of India ELSS Tax Saver Fund Direct Plan Growth0.97%
Bank of India Flexi Cap Fund Direct GrowthBank of India Flexi Cap Fund Direct Growth0.9%
Bandhan Financial Services Fund Direct GrowthBandhan Financial Services Fund Direct Growth1.01%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
85.78%
0.00
Foreign Institutions
0.86%
0.00
Mutual Funds
0.15%
0.00
Retail Investors
2.29%
0.00
Others
10.91%
0.00

Frequently Asked Questions

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General Insurance Corporation of India (GICRE) share price today is ₹396.85

General Insurance Corporation of India is listed on NSE

General Insurance Corporation of India is listed on BSE

  • Today’s highest price of General Insurance Corporation of India is ₹410.
  • Today’s lowest price of General Insurance Corporation of India is ₹395.3.

PE Ratio of General Insurance Corporation of India is 6.9

PE ratio = General Insurance Corporation of India Market price per share / General Insurance Corporation of India Earnings per share

Today’s traded volume of General Insurance Corporation of India(GICRE) is 17.16L.

Today’s market capitalisation of General Insurance Corporation of India(GICRE) is ₹71281.27Cr.

General Insurance Corporation of India(GICREPrice
52 Week High
₹467.8
52 Week Low
₹178.6

General Insurance Corporation of India(GICRE) share price is ₹396.85. It is down -15.17% from its 52 Week High price of ₹467.8

General Insurance Corporation of India(GICRE) share price is ₹396.85. It is up 122.20% from its 52 Week Low price of ₹178.6

General Insurance Corporation of India(GICREReturns
1 Day Returns
-9.45%
1 Month Returns
10.09%
3 Month Returns
24.21%
1 Year Returns
125.72%