General Insurance Corporation of India (GIC) sees 3.81% gain in stock market, outperforms sector

Sep 02 2024 01:20 PM IST
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General Insurance Corporation of India (GIC) has been performing well in the stock market, with a 3.81% gain on September 2nd, 2024. The company has outperformed its sector by 2.42% and has been on a consecutive gain for the last 2 days. GIC's moving averages also indicate a positive trend, and it has outperformed the Sensex in both 1 day and 1 month performances.

General Insurance Corporation of India (GIC) has shown a positive trend in the stock market, gaining 3.81% on September 2nd, 2024. This largecap company in the finance/NBFC industry has been performing well, with a 'Hold' call from MarketsMOJO.

In terms of price performance, GIC has outperformed its sector by 2.42% today. The stock has been on a consecutive gain for the last 2 days, with a 4.61% increase in returns during this period. It also reached an intraday high of Rs 426.3, showing a 4.38% increase.

GIC's moving averages also indicate a positive trend, with the stock trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This further reinforces the company's strong performance in the stock market.

Compared to the Sensex, GIC has outperformed with a 1 day performance of 3.24% versus Sensex's 0.17%. In the past month, GIC has also shown a better performance with a 2.84% increase compared to Sensex's 1.88%.

Overall, General Insurance Corporation of India has been showing a positive trend in the stock market, with a strong performance and a 'Hold' call from MarketsMOJO. Investors can keep an eye on this stock for potential growth in the future.
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