General Insurance India could be changing its trend
GICI has been on a downtrend from past few quarters. Its seems that this trend could be reversing. Its last quarter results have been abysmal but yet the stock looks constant. It seems as if all the supply has exhausted and demand can take control if september quarter shows good results. The stock is outperforming the index and can continue to do so. RR looks reasonable with a low base. One can go long buy putting 25% now and wait for quarter results, if better than expected then can add another 25%.
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