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General Insurance Corporation of India139.25 -2.80 (-1.97%)

  • BSE: 540798
  • |
  • NSE: GICRE
  • |
  • ISIN NO: INE481Y01014
  • |
  • INDUSTRY: General Insurance
Profile

GICRE

GICRE

It came into existence in September by an Act of the Parliament viz., General Insurance Business (Nationalization) Act, 1972. Also, the corporation underwrites cattle and poultry insurance. In 1974, it had 4 subsidiaries such as The National Insurance Co., The New India Assurance Co. Ltd., The Oriental Fire & General Insurance Co. Ltd., and also The United India Fire & General Insurance Co. Ltd.

Some of the Milestones:

    ...
  • 1976: Also, it redeemed 2, 05,307 pref. Shares during 1976 and 3, 00,000 pref. Shares in 1977.
  • 1978: 3, 00,000 pref. shares were redeemed.
  • 1979: 3, 50,000 pref. shares were redeemed.
  • 1980: 3, 75,000 pref. shares were redeemed.
  • 1981: 3, 75,000 pref. shares were redeemed as on 30th July.
  • 1982: The authorized capital reclassified. And the two calls of INR 20 each per share was made on 5, 00,000 partly paid equity shares. Bonus equity shares in prop. 1:1 were being issued.
  • 1986: 21, 50,000 bonus shares were issued in proportion 1:2.
  • 1988:
  • It devised a new saving linked long term householder’s insurance policy to offer insurance protection for all the household needs in one package.
  • Also, another policy introduced was a Personal Accident Insurance Policy for visitors on bank premises.
  • 1989: It introduced a Marine-Cum-Rejection Insurance Cover with reinsurance support on the export of marine products at an economical rate of the premise from 1st April.
  • 1990:
  • It introduced a new scheme known as Bhavishya Arogya with effect from 1st December.
  • Since 1st January, it also introduced a scheme of Voluntary deductibles for petrochemical risks enabling the insurers to opt for many slabs of deductibles for which appropriate discount in premium is being given.
  • It introduced a revised horticulture/plantation insurance scheme on an experimental basis since 1st April.
  • It introduced the following policies a) Contract Works Insurance Policy, b) Civil Engineering Completed Risk Insurance Policy, c) Marine-cum-erection Insurance Policy, and d) Machinery Insurance Policy.
  • Also, GIC Grih Vitta, Ltd. was being set up to provide long term finance by way of loans for construction/purchase of a house, and flats for residential purposes to individuals from October.
  • Also, the corporation, along with its Indian subsidiary companies introduced a Mutual Fund in the second half of the year.
  • 1991:
  • Since 1st April, the corporation introduced Aquaculture Insurance.
  • GIC-SAFE-1991, as well as GIC RISE-1991, was being launched as on 6th February.
  • Also, the Swift Division was established in April to centralize the foreign inward non-reciprocal acceptance of the Indian General Insurance Industry.
  • Also, a tailor-made insurance program for large industrial clients enabled them to cover their many insurance needs under a single policy document, was finalized by GIC.
  • Also, it proposed to introduce a new mediclaim hospitalization policy.
  • And, 43, 00,000 bonus shares were issued in proportion 3:2.
  • 1993: About 107, 50,000 bonus shares were issued in proportion 1:1.
  • 1994: The overseas Mediclaim Insurance, the corporate frequent traveler's policy was revised from 1st July.
  • 1996: It introduced a Jan Arogya Bima Policy as on 12th August for common people.
  • 2000: Also, the Insurance Regulatory and Development Authority in a move to exert its regulatory power also served notices to four subsidiaries of General Insurance Corporation for the "breach of tariff charges" to consumers.
  • 2001: Also, GIC Mutual Fund lined up organizational changes, beginning with the appointment of a new chief executive. Also, the appointment of Mr. Thomas, who was Senior Vice-President at GIC MF, was the latest in a series of top-level changes at the fund.

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Key Data
  • Market cap 21956.00 CR.
  • Book value 143.49
  • Stock P/E 0
  • Dividend Yield 5.38%
  • ROCE -1.84%
  • ROE -1.48%
  • Sales Growth (3Y) 24.27%
  • Face Value (3Y) 5.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Not Clear
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM 140.00 141.95
11 AM 136.60 141.95
12 PM 136.60 141.95
1 PM 136.60 141.95
2 PM 136.60 141.95
3 PM 136.60 141.95
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Lower High Lower Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 130.82 134.82 138.82 140.43 142.82 144.43 146.82 150.82 154.82
woodie's 134.30 138.30 139.75 142.30 143.75 146.30 147.75 150.30 154.30
fibonacci - 138.82 140.34 141.29 142.82 144.34 145.29 146.82 -
camarilla 139.85 140.95 141.32 141.68 -- 142.42 142.78 143.15 144.25
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 138.60
151.75
143.58 0.53 % 1.49 %
20 DAY 127.10
151.75
141.59 1.79 % 4.14 %
50 DAY 120.15
151.75
137.00 1.83 % 11.35 %
100 DAY 115.00
161.85
133.34 16.53 % 21.63 %
200 DAY 95.15
169.00
136.98 -5.83 % 37.65 %
YTD 138.60
151.75
143.27 1.83 % 3.16 %
52 Week 81.50
334.05
173.28 -44.10 % 18.15 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2020-03-27
97.00 ~ 94.50 SUPPORT
Unfilled Gap Up On 2020-03-26
90.40 ~ 90.00 SUPPORT
Unfilled Gap Down On 2020-02-28
173.80 ~ 178.05 RESISTANCE
Unfilled Gap Down On 2018-07-12
374.00 ~ 760.00 RESISTANCE
Industry Growth Rate

In Last 1 Year the industry has grown by -54.92 %

In Last 5 Year the industry has grown by 0.00 %

Peer comparison

Sales

COMPANY NAME20152016201720182019
GICRE13595.0015338.0026776.0038198.0038250.00
NIACL13354.0015215.0020234.0019798.0021524.00
Total 13474.50 15276.50 23505.00 28998.00 29887.00 13474.50

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 ICICI Lombard General Insurance Company Ltd 70751.92 1552.00 128.76
2 General Insurance Corporation of India 24945.21 142.10 121.82
3 The New India Assurance Company Ltd 21116.70 128.50 101.06
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • -0.81
    Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • -8.26
    Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
2019-07-19 6.75
2018-07-12 13.50
Bonus Data
Company Name Split Date From Value To Value
General Insurance Corporation of India 2018-07-12 1.00 1.00
Split Data
Company Name Split Date From Value To Value