As on 22nd Aug 2022 GICRE SHARE Price closed @ 119.25 and we RECOMMEND Sell for LONG-TERM with Stoploss of 128.35 & Buy for SHORT-TERM with Stoploss of 117.10 we also expect STOCK to react on Following IMPORTANT LEVELS.
What was the IPO price of General Insurance Corporation?
General Insurance Corporation of India IPO Details:Open Date:Oct 11 2017Issue Size:11,372.64 Cr.Lot Size:16 SharesIssue Price:₹ 855-912 Per Equity ShareListing At:NSE,BSE5 more rows
Why is general STOCK falling?
The stock of general insurance company traded at its lowest level since May 2020 and underperformed the market due to disappointing earnings. In the past one week, the stock declined 9 per cent, as compared to 0.81 per cent fall in the S&P BSE Sensex.Jun 7, 2022
Due to the high mortality rates of Covid-19, all life insurers had to pay an unexpectedly high premium. Thus, the whole insurance sector was shaken up. In 2022, the situation should have changed. Low mortality rates and decreasing Covid-19 cases should have changed the situation.