GICRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | GICRE | Market Cap | 68,536 Cr. | Current Price | 391 ₹ | High / Low | 426 ₹ |
| Stock P/E | 8.17 | Book Value | 370 ₹ | Dividend Yield | 2.56 % | ROCE | 17.6 % |
| ROE | 13.7 % | Face Value | 5.00 ₹ | DMA 50 | 388 ₹ | DMA 200 | 383 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.23 % | PAT Qtr | 2,254 Cr. | PAT Prev Qtr | 1,519 Cr. |
| RSI | 50.6 | MACD | -0.22 | Volume | 5,24,342 | Avg Vol 1Wk | 4,09,764 |
| Low price | 350 ₹ | High price | 426 ₹ | PEG Ratio | 0.82 | Debt to equity | 0.00 |
| 52w Index | 53.9 % | Qtr Profit Var | 3.27 % | EPS | 47.8 ₹ | Industry PE | 42.7 |
📊 GICRE is trading above both its 50 DMA (388 ₹) and 200 DMA (383 ₹), showing stability near strong support levels. RSI at 50.6 reflects neutral momentum, while MACD at -0.22 indicates indecision with no clear bullish or bearish crossover. Bollinger Bands are tightening, pointing to consolidation. Current volume (5,24,342) is higher than the 1-week average (4,09,764), suggesting accumulation interest.
- 💰 Optimal Buy Price: 385 – 392 ₹ (support zone near DMA levels)
- 📈 Profit-Taking Exit Levels: 405 ₹ (first resistance), 420 ₹ (second resistance)
- 📉 Stop-Loss / Loss Protection: 378 ₹ (below support)
- ⏱️ Trend Status: Consolidating with neutral bias; breakout above 405 ₹ could trigger bullish momentum.
Positive
✅ Strong quarterly profit growth (PAT up from 1,519 Cr. to 2,254 Cr.).
✅ ROCE at 17.6% and ROE at 13.7% show healthy returns.
✅ Debt-free balance sheet (0.00 debt-to-equity).
✅ PEG ratio of 0.82 indicates fair valuation relative to growth.
Limitation
⚠️ Stock P/E of 8.17 is low compared to industry peers, which may reflect slower growth expectations.
⚠️ MACD flat/negative crossover shows lack of strong momentum.
⚠️ RSI neutral, limiting directional clarity.
⚠️ FII holdings decreased (-0.07%), showing mild foreign investor caution.
Company Negative News
🚫 No major negative news reported recently, but reduced FII interest may weigh on sentiment.
Company Positive News
🌟 Strong quarterly earnings growth and increased DII holdings (+0.23%) reflect domestic investor confidence.
Industry
🏭 Industry P/E stands at 42.7, much higher than GICRE’s 8.17, suggesting the stock is significantly cheaper compared to peers. Insurance sector demand remains steady, supporting long-term growth outlook.
Conclusion
📌 GICRE is consolidating near support levels with neutral bias. Traders may consider entry around 385 – 392 ₹ with exits at 405 – 420 ₹. Stop-loss protection at 378 ₹ is advised. A breakout above 405 ₹ could trigger bullish momentum, while failure to hold support may extend consolidation.
Would you like me to expand this into a swing trade analysis for 1–2 week holding periods, or keep the focus strictly on this intraday technical view?