ICICI Lombard General Insurance Company on Friday reported a consolidated net profit growth of 68% for the quarter ended December 31, 2024. The profit after tax (PAT) stood at Rs 724.38 crore versus Rs 431.46 crore reported in the year-ago period. The total income from operations in Q3FY25 stood at Rs 5,883 crore, witnessing a … Read more
ICICI Lombard on Tuesday reported a 12% year-on-year increase in net profit to Rs 390 crore for the first quarter ended June. The company had posted a net profit of Rs 349 crore in the year-ago period. The company has clocked an operating profit of Rs 331 crore during the June quarter, up 4% from … Read more
Global brokerage Citigroup initiated coverage on Star Health with a sell rating, while Morgan Stanley maintained an overweight rating on . Credit Suisse retained outperform call on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Star Health: Sell| Target Rs 670Citigroup initiated coverage on … Read more
might be down by about 30 per cent from its September 2021 highs, but the stock is showing early signs of trend reversal which augurs well for the bulls. The stock with a market capitalisation of more than Rs 56,000 crore hit a 52-week high of Rs 1,674 on 22 September 2021, but it failed … Read more
In insurance, running behind market share can be a costly decision. The key to creating shareholder wealth lies in being profitable over various business cycles and ensuring that the learnings from a bad phase are used to improve the operating matrix. ICICI Lombard seems to have managed the show fairly well on these counts. Can … Read more