21/08/2023 2:55:21 PM | Source: LKP Securities
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities
Future Outlook
• The 50 year old Largest Re-Insurer accounts for over 65% of the premiums ceded by Indian Insurers providing reinsurance across segments.
• Ranked amongst the Top Reinsurers globally in terms of premium, GICRe is a trusted brand in India
Technical Commentary
• GICRE has given a consolidation breakout. Beside, it is sustaining above 50ema.
• RSI is in bullish crossover on the weekly timeframe.
• The trend is likely to remain positive over the short term.
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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