GICRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | GICRE | Market Cap | 66,132 Cr. | Current Price | 377 ₹ | High / Low | 454 ₹ |
| Stock P/E | 7.85 | Book Value | 357 ₹ | Dividend Yield | 2.65 % | ROCE | 16.0 % |
| ROE | 12.2 % | Face Value | 5.00 ₹ | DMA 50 | 375 ₹ | DMA 200 | 382 ₹ |
| Chg in FII Hold | 0.00 % | Chg in DII Hold | 0.22 % | PAT Qtr | 2,867 Cr. | PAT Prev Qtr | 1,752 Cr. |
| RSI | 54.0 | MACD | 0.19 | Volume | 3,89,642 | Avg Vol 1Wk | 5,60,649 |
| Low price | 345 ₹ | High price | 454 ₹ | PEG Ratio | 0.16 | Debt to equity | 0.00 |
| 52w Index | 29.3 % | Qtr Profit Var | 54.1 % | EPS | 48.0 ₹ | Industry PE | 33.2 |
📈 Chart & Trend Analysis: GICRE is trading at ₹377, slightly above its 50 DMA (₹375) but marginally below the 200 DMA (₹382). This indicates near-term support but mild resistance overhead. RSI at 54.0 suggests neutral momentum, while MACD at 0.19 is positive but weak, showing limited bullish strength. Bollinger Bands place the price near mid-range, reflecting consolidation.
📊 Volume Trends: Current volume (3.89 lakh) is lower than the 1-week average (5.60 lakh), suggesting reduced participation and caution in short-term moves.
🎯 Entry Zone: ₹365 – ₹375 (support near DMA levels)
🚪 Exit Zone: ₹395 – ₹405 (resistance zone before breakout attempt)
🔎 Trend Status: Consolidating — price is oscillating between support and resistance, awaiting stronger volume or momentum for a decisive trend move.
Positive ✅
- Low P/E of 7.85 compared to industry average (33.2) indicates undervaluation.
- Strong quarterly PAT growth (₹2,867 Cr vs ₹1,752 Cr) shows earnings momentum.
- PEG ratio of 0.16 highlights attractive growth-adjusted valuation.
- Debt-free balance sheet (Debt-to-equity: 0.00).
- Dividend yield of 2.65% adds income stability.
Limitation ⚠️
- ROE (12.2%) and ROCE (16.0%) are moderate compared to peers.
- Price trading below 200 DMA indicates resistance and lack of strong bullish trend.
- Volume participation is lower than average, limiting breakout potential.
Company Negative News 📉
- No major FII inflows (0.00% change), showing limited foreign investor interest.
Company Positive News 📈
- Strong quarterly profit growth (54.1% variation).
- Improved DII holding (+0.22%) reflects domestic institutional confidence.
Industry 🌐
- Industry P/E at 33.2 suggests sector trades at premium valuations.
- Insurance sector benefits from rising demand and regulatory support.
Conclusion 📝
GICRE is consolidating near its 50 DMA with neutral RSI and weak MACD signals. Entry near ₹365–₹375 offers margin of safety, while exits around ₹395–₹405 provide short-term profit opportunities. Fundamentally undervalued with strong earnings growth and debt-free status, but technical momentum is limited. Traders may play the consolidation range, while long-term investors can accumulate for value-driven compounding in the insurance sector.
Would you like me to extend this into a peer benchmarking overlay (comparing GICRE against other insurance sector stocks like ICICI Lombard, SBI Life, HDFC Life) so you can see relative strength and sector rotation opportunities?