SCBNifty

Trade what you see

Long
SCBNifty Updated   
NSE:GICRE   GENERAL INSURANCE
Although a pampered institute it will have to deliver.

Quarterly results r the reason to check this stock.

My view bottomed out .

will test 165.00 pause and finally test n break 200.00

Should be able to do All time new highs in the coming weeks
A multi Bagger in the making, Whooping 85%+ promoters holding , Huge cash flow.
Concern : -

{ results have to be inline ,A comfortable bet around 140.00 with very less downwards risk.
Rest is up to the management if they truly want to shine. }

Expecting a 52wks high soon
Comment:
Basic update of company for every One(Investor OR otherwise)
GIC of India (GIC Re) is the sole reinsurance company in the Indian insurance market with over four decades of experience. GIC Re has its registered office and headquarters in Mumbai. The entire general insurance business in India was nationalised by the Government of India (GOI) through the General Insurance Business (Nationalisation) Act (GIBNA) of 1972. 55 Indian insurance companies and 52 other general insurance operations of other companies were nationalized through the act. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed to control and operate the business of general insurance in India

Share holding : -
Promoters 85.78 %
FII 0.46 %
DII 11.07 %
## Public 2.68 % ##
Others 0.01 %

Now you know the influencers of price.

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