GIC's Stock Gains 3.52% and Outperforms Sector, Continues Consecutive Rise

Nov 19 2024 10:05 AM IST
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On November 19, 2024, General Insurance Corporation of India (GIC) gained 3.52% in the stock market, closing at Rs. 368.45. This performance has been rated as 'Hold' by MarketsMojo. GIC has outperformed the sector by 2.47% and has been on a consecutive gain for the last 3 days. It is a leading insurance company in India with a wide range of general insurance products and services.

General Insurance Corporation of India (GIC) has shown a positive performance in the stock market on November 19, 2024. The stock gained 3.52% and closed at Rs. 368.45. This performance has been deemed as 'Hold' by MarketsMOJO, a leading stock market analysis platform.

In terms of price summary, GIC has outperformed the sector by 2.47% and has been on a consecutive gain for the last 3 days, with a rise of 6.09% in this period. The stock also touched an intraday high of Rs. 370.2, showing a 3.41% increase.

When looking at the moving averages, GIC's stock is currently higher than the 5-day and 20-day moving averages, but lower than the 50-day, 100-day, and 200-day moving averages. This indicates a mixed trend for the stock.

In comparison to the Sensex, GIC's 1-day performance was 3.76%, while the Sensex only showed a 1.02% performance. Similarly, in the 1-month period, GIC's performance was -4.09%, while the Sensex showed a slightly better performance of -3.82%.

GIC is a largecap company in the finance/NBFC industry. It is one of the leading insurance companies in India, providing a wide range of general insurance products and services. With its positive performance in the stock market, GIC continues to be a strong player in the industry.
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