General Insurance Corporation of India Share Price (GICRE)
₹324.6
General Insurance Corporation of India share Performance
- ₹320.15₹327.95₹324.6
1.37%
Low
Day's Volatility:2.40%
High
1.03%
- ₹145.9₹467.8₹324.6
55.05%
Low
52 Weeks Volatility:99.17%
High
44.12%
| Returns % | |
| 1 Month Return | 1.38 % |
| 3 Month Return | -7.02 % |
| 1 Year Return | 123.23 % |
| Market Stats | |
| Previous Close | ₹331.05 |
| Open | ₹327.95 |
| Volume | 6.23L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹58,079.41Cr |
Analyst Rating for General Insurance Corporation of India stock
based on 4 analysts
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
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: ₹324.60 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹58,079.41Cr as of today
Revenue: ₹0.00Cr as on December 2023 (Q4 23)
Net Profit: ₹1,392.24Cr as on December 2023 (Q4 23)
Listing date: 25 Oct, 2017
Chairperson Name: Devesh Srivastava
| Organisation | General Insurance Corporation of India |
| Headquarters | |
| Industry | Insurance |
| E-voting on shares | Click here to vote |
Key events for General Insurance Corporation of India
GIC Appoints New CFO; Chairman Expects Stake Sale After Elections - 15 Apr, 2024
General Insurance Corporation of India appoints V. Balkrishna as new CFO effective May 1, 2024. The chairman expects a 10% stake sale post-elections. GIC's financial performance shows high EPS growth, flat EBIT margins, and declining revenue. CEO compensation is low.
Standalone Health Insurers Outpace General Insurance Industry in India - 12 Apr, 2024
India's standalone health insurers grew two times faster than the general insurance industry in FY24, with a 26.2% increase in total premium compared to the previous year. Slower growth in segments like motor is holding back overall performance for most general insurance companies.
GIC Re Targets Increase in International Business Share; General Insurance Industry Reports Growth in FY24 - 08 Apr, 2024
The general insurance industry reported a growth rate of 13% in FY24, with the private sector leading the way. Meanwhile, GIC Re is targeting an increase in its international business share to diversify its revenue sources and expects a 10-12% increase in net earned premium in FY25.
GIC Re Identified as D-SII by IRDAI - 27 Mar, 2024
The Insurance Regulatory and Development Authority of India has identified General Insurance Corporation of India as a Domestic Systemically Important Insurer for the fiscal year 2023-24, along with Life Insurance Corporation of India and New India Assurance Co. Ltd.
Investors Cautious on Indian Financial Sector, Positive on General Insurance and Capital Markets - 19 Mar, 2024
Macquarie has advised investors to be cautious on the Indian financial sector due to falling loan growth and margins. However, they have a favourable view of the general insurance and capital market spaces.
Fundamentals of General Insurance Corporation of India
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.
POSITIVE IMPACTBest in 1 Year
In the last 1 year, GICRE has outperformed top 5 stocks with highest market-cap in Insurance
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.86% to 0.95% in Dec 2023 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, GICRE has outperformed top 5 stocks with highest market-cap in Insurance
- POSITIVE IMPACT
Price Rise
In the last 1 year, GICRE stock has moved up by 123.2%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 0.13% to 0.22% in Dec 2023 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 85.78% of holdings in Dec 2023 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 2.33% to 2.15% in Dec 2023 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 13.46K Cr → 11.35K Cr (in ₹), with an average decrease of 15.7% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 1.68K Cr → 1.43K Cr (in ₹), with an average decrease of 14.8% per quarter
General Insurance Corporation of India Valuation
General Insurance Corporation of India in the last 5 years
Lowest (-338.02x)
December 17, 2020
Today (5.54x)
April 18, 2024
Industry (23.85x)
April 18, 2024
Highest (69.20x)
October 30, 2019
Mutual Fund Holdings
| Funds | Holdings |
 HSBC Midcap Fund Direct Plan Growth | 0.16% |
 Bank of India ELSS Tax Saver Fund Direct Plan Growth | 0.98% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 0.73% |
| Bank of India Flexi Cap Fund Direct Growth | 1.11% |
 Bandhan Financial Services Fund Direct Growth | 0.92% |
Shareholding Pattern
| Investors | Holdings % | Prev. 4 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 85.78% | 0.00 | |
| Foreign Institutions | 0.95% | 10.20 | |
| Mutual Funds | 0.22% | 70.09 | |
| Retail Investors | 2.15% | ||
| Others | 10.9% | 0.04 |
Technicals of General Insurance Corporation of India share
News & Events of General Insurance Corporation of India
Frequently Asked Questions
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General Insurance Corporation of India (GICRE) share price today is ₹324.6
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 ₹327.95.
- Today’s lowest price of General Insurance Corporation of India is ₹320.15.
PE Ratio of General Insurance Corporation of India is 5.54
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 6.23L.
Today’s market capitalisation of General Insurance Corporation of India(GICRE) is ₹58079.41Cr.
| General Insurance Corporation of India(GICRE | Price |
|---|---|
52 Week High | ₹467.8 |
52 Week Low | ₹145.9 |
General Insurance Corporation of India(GICRE) share price is ₹324.6. It is down -30.61% from its 52 Week High price of ₹467.8
General Insurance Corporation of India(GICRE) share price is ₹324.6. It is up 122.48% from its 52 Week Low price of ₹145.9
| General Insurance Corporation of India(GICRE | Returns |
|---|---|
1 Day Returns | -6.45% |
1 Month Returns | 1.38% |
3 Month Returns | -7.02% |
1 Year Returns | 123.23% |