LatestLegal Updates 16 July 2026
ICICI Lombard Update
Motilal Oswal has given a neutral rating to ICICI Lombard with a target of Rs 1960, considering the losses in the fire segment and additional claim reserving in motor TP business due to the Supreme Court verdict. The company's combined ratio excluding these losses is expected to be stable, with a potential upside in the stock price.
Motilal Oswal has provided a neutral rating to ICICI Lombard with a target price of Rs 1960.
The company's performance is expected to be affected by the losses in the fire segment and additional claim reserving in motor TP business, following the Supreme Court verdict.
- The combined ratio excluding these losses is expected to remain stable,
- with a potential upside in the stock price due to the company's strong market position and efficient operations.
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