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    HomeNewsBusinessStocksHold ICICI Lombard General Insurance; target of Rs 1250: ICICI Direct

    Hold ICICI Lombard General Insurance; target of Rs 1250: ICICI Direct

    ICICI Direct recommended hold rating on ICICI Lombard General Insurance with a target price of Rs 1250 in its research report dated April 19, 2023.

    Broker Research
    April 20, 2023 / 13:10 IST
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      ICICI Direct's research report on ICICI Lombard General Insurance

      ICICI Lombard is among the leading multi-line players in the general insurance space with ~8.2% market share on an overall basis. Motor segment contributes over ~40% of total premium • The general insurer is among the most profitable and consistent in terms of return ratios with RoE of ~14% for a sustainable period.

      Outlook

      Thus, we maintain our HOLD rating on the stock. We value ICICI Lombard at ~2.1x FY25E premium (50% weight), ~1.1x FY25E float (50% weight) and revise our target price from Rs 1300 to Rs 1250/share.

      For all recommendations report, click here

      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      ICICI Lombard General Insurance - 20 -04 - 2023 - icici
      Broker Research
      first published: Apr 20, 2023 12:08 pm

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