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Jan 13, 2018 09:30 AM IST | Source: CNBC-TV18

ICICI Lombard General Insurance may test Rs 900-950: Ashwani Gujral

Ashwani Gujral of feels that ICICI Lombard General Insurance Company may test Rs 900-950.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of told CNBC-TV18, "Insurance is a long-term product, insurance stocks are also fairly long-term. In ICICI Lombard General Insurance one can keep a Rs 720 type of stoploss and then possibly look for levels of Rs 900-950."

"This is a very Budget-y type of stock. If they get some tax benefit, etc. these guys can all rocket. But overall, insurance is a slow industry, so you should not expect big gains. But I would think this should be a Rs 1,000 stock at some point," he added.
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