GIC Stock Shows Positive Trend, Rated 'Hold' by MarketsMOJO

General Insurance Corporation of India (GIC) has shown a positive trend in the stock market, gaining 3.17% on October 9, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

In terms of price performance, GIC has outperformed the sector by 2.36% today. The stock has also been on a consecutive gain for the last 2 days, with a rise of 5.28% in this period. The day's high for GIC was Rs 382.15, showing a 3.17% increase.

While GIC's stock price is currently higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock in the short term.

Comparing GIC's performance to the overall market, the stock has shown a 1-day performance of 3.52% compared to the Sensex's 0.18%. In the past month, GIC's performance has been -5.00% while the Sensex has shown a 0.27% increase.

As a largecap company in the finance/NBFC industry, GIC's stock performance is closely watched by investors. With its recent positive trend and 'Hold' rating by MarketsMOJO, GIC continues to be a stock to watch in the market.