New Delhi, ICICI Lombard on Tuesday reported a 2 per cent decline in net profit to Rs 510 crore for the fourth quarter ended March 31. The company had reported a post-tax net profit of Rs 520 crore in the year-ago period. However, the total income of the company rose to Rs 5,851 crore in … Read more
The fourth quarter results are underway and some big earnings are scheduled for this week. To kickstart on Tuesday are the earnings from ICICI Lombard, ICICI Prudential Life and IREDA. Apart from the above, Delta Industrial Resources, GM Breweries, Hathway Bhawani Cabletel and Datacom, MRP Agro and Swastik Safe Deposit and Investments will also announce … Read more
Maha Kumbh Mela: PhonePe has launched a unique insurance plan specifically for travelers attending the Maha Kumbh Mela in Prayagraj, Uttar Pradesh. The Maha Kumbh Mela, known as the largest religious gathering in the world and taking place once every 12 years, will take place from January 13 to February 26, 2025. The insurance plan, … Read more
The second quarter earnings season is underway and 44 companies will announce their numbers for the July-September 2024 period on Friday. Key results to watch out include from Jio Financial, Tata Consumer, ICICI Lombard and ZEEL. Apart from the above, Advik Capital, Best Agrolife, Duncan Engineering, Hindustan Zinc, Indostar Capital, Manba Finance, L&T Finance, Roselabs … Read more
“Non-life insurance space has been growing decently, especially the growth shown by companies like ICICI Lombard, etc, have been quite strong and that is also reflected in the stock price movements. Non-life has been doing better than life. And I think vis-à-vis the two spaces I think that is the better space to be in,” … Read more
The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Brokerage firm Bernstein maintained an outperform rating on Maruti Suzuki and HDFC Bank. Macquarie recommended an outperform rating on LTI MindTree and HSBC has a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on Maruti Suzuki: Outperform| Target Rs 14,400 Bernstein … Read more
There are a host of corporate actions scheduled for this week. Infosys, ICICI Lombard, LTTS and LTIMindtree will trade dividends, while Jay Bharat Maruti will trade ex-split. Whereas, shares of three companies — Krishana Phoschem, Maruti Interior Products and Shri Venkatesh Refineries — will trade ex-bonus this week. Shares of Geekay Wires (Rs 10 to … Read more
Brokerage firm UBS maintained a buy rating on L&T while CLSA recommended a buy on ICICI Lombard. Jefferies has a buy rating on RIL and Motilal Oswal recommended a buy on Global Health (Medanta). We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on L&T: Buy| Target … Read more
ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard. The second-largest private bank received the RBI nod on Friday, it said in a filing to … Read more