ICICI Lombard share price jumps over 5% after strong Q4 results; Should you buy, sell or hold the stock?
8 months, 1 week ago

ICICI Lombard share price jumps over 5% after strong Q4 results; Should you buy, sell or hold the stock?

Live Mint  

ICICI Lombard share price jumped over 5% in early trade on Wednesday after the company reported strong earnings for the fourth quarter of FY24. Kotak Institutional Equities believes ICICI Lombard has fared well due to a combination of a better pricing environment and better risk management. The brokerage firm revised up its estimates by 3-4%, and retained a ‘Reduce’ call and raised ICICI Lombard share target price to ₹1,550 per share from ₹1,475 earlier. The broking firm revised its FY25E and FY26E APAT estimates by 3.4% and 3.9% and raised the ICICI Lombard share price target to ₹1,790 per share from ₹1,720 earlier, while maintaining a ‘Hold’ rating.

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History of this topic

TCI: ICICI Securities initiates coverage with ‘buy’, sees 20% upside in next 12 months – here’s why
4 months, 3 weeks ago

TCI: ICICI Securities initiates coverage with ‘buy’, sees 20% upside in next 12 months – here’s why

Live Mint  

Just around 6 percent away from record high, Transport Corporation of India is expected to see 20 percent upside in the next 12 months. "Key points: 1) In the process of refining freight mix in favour of higher-margin LTL business; 2) Capex in high-margin sea freight segment likely to improve overall margins; 3) Improving performance of JVs expected to result …

Why ICICI Bank shares rallied over 5% to hit a new lifetime high—explained with 5 key reasons
7 months, 3 weeks ago

Why ICICI Bank shares rallied over 5% to hit a new lifetime high—explained with 5 key reasons

Live Mint  

Despite a slow start to Monday's trading session, ICICI Bank shares gained momentum in the subsequent hours and continued their upward trajectory until the closing bell, setting multiple milestones. The shares of the nation's second largest bank by m-cap surged by 5.1% during intraday trade and touched a historic peak of ₹1,163 per share before finishing the trade with a …

ICICI Lombard General Insurance Company Q3 FY24 Results Live: Profit Rises by 22.39% YoY
11 months, 1 week ago

ICICI Lombard General Insurance Company Q3 FY24 Results Live: Profit Rises by 22.39% YoY

Live Mint  

ICICI Lombard General Insurance Company declared their Q3 FY24 results on 16 Jan, 2024. ICICI Lombard General Insurance Company has delivered -1.49% return in the last 1 week, 1.67% return in the last 6 months, and -3.23% YTD return. Currently, ICICI Lombard General Insurance Company has a market cap of ₹67649.74 Cr and 52wk high/low of ₹1492 & ₹1049.05 respectively. …

GAIL share price climbs almost 2%; should you buy the stock after Q2 results?
1 year, 1 month ago

GAIL share price climbs almost 2%; should you buy the stock after Q2 results?

Live Mint  

GAIL share price rose almost 2 per cent in early trade on BSE on Wednesday, a day after the company reported its Q2FY24 earnings. GAIL share price has gained about 32 per cent in the last one year, significantly outperforming the equity benchmark Sensex which has gained just over 4 per cent in the same period. Brokerage firm Motilal Oswal …

Brokerage sees 15% upside on ICICI Lombard; gives ‘buy’ on better expense ratio
1 year, 4 months ago

Brokerage sees 15% upside on ICICI Lombard; gives ‘buy’ on better expense ratio

Live Mint  

Motilal Oswal has recommended a ‘buy’ on ICICI Lombard with a target price of ₹1,550, representing a 15 per cent increase over the stock's current market price hovering between ₹1,390- ₹1,400. The domestic brokerage firm said in its report that the insurer's expense ratio has improved to 29.7 per cent during the April-June quarter, ahead of analysts' estimates. Shares of …

ICICI Bank shares hit 52-week high post-Q1 results; experts say it remains a buy
1 year, 5 months ago

ICICI Bank shares hit 52-week high post-Q1 results; experts say it remains a buy

Live Mint  

ICICI Bank share price climbed over a per cent to hit its fresh 52-week high of ₹1,008 in morning trade on BSE on Monday as most brokerage firms retained their positive views on the stock after its June quarter results. On Saturday, ICICI Bank reported a 39.7 per cent year-on-year rise in its standalone net profit for Q1FY24 at ₹9,648 …

ICICI Lombard’s Q1 results: Net profit up 12%, gross premium income up 20%
1 year, 5 months ago

ICICI Lombard’s Q1 results: Net profit up 12%, gross premium income up 20%

Live Mint  

On Tuesday, July 18, the private non-life insurance provider ICICI Lombard General Insurance Company announced a 12% year-over-year increase in net profit at ₹390.4 crore for the three months that ended June 30, 2023. The Company's Gross Direct Premium Income for Q1 FY2024 was ₹63.87 billion, showing a growth of 18.9% compared to ₹53.70 billion in Q1 FY2023. When excluding …

ICICI Lombard share price gains 10% as ICICI Bank okays stake raise in former
1 year, 6 months ago

ICICI Lombard share price gains 10% as ICICI Bank okays stake raise in former

Live Mint  

The shares of ICICI Lombard is up by nearly 10 per cent as ICICI Bank's board on May 28 approved raising its stake in ICICI Lombard General Insurance by 4 per cent in multiple transactions, according to an exchange filing on May 28. The shares of ICICI Lombard was trading 10 per cent up at ₹1,209.85 on BSE, while the …

Q4 earnings to dictate ICICI Bank’s stock price on Monday. Here’s what to know!
1 year, 8 months ago

Q4 earnings to dictate ICICI Bank’s stock price on Monday. Here’s what to know!

Live Mint  

One of the largest private sector lenders, ICICI Bank will be in focus on Monday's trading session as its stock price will react to the Q4 earnings for fiscal year FY23, for the first time. Manish Chowdhury, Head of Research at Stoxbox said, "ICICI Bank reported an excellent performance in Q4FY23 across all the key parameters, beating market expectations." Last …

ICICI Lombard faces diverse challenges
1 year, 8 months ago

ICICI Lombard faces diverse challenges

Live Mint  

ICICI Lombard General Insurance Co. Ltd’s results for the March quarter were satisfactory but not particularly exciting. “ICICI Lombard reported a marginal improvement in the claims ratio in the motor OD business to 69.4% from 73-74% in the last three quarters," said analysts at Kotak Institutional Equities. View Full Image Graphic: Mint In an earnings call, ICICI Lombard’s management said …

ICICI Lombard’s share price dips over 4% as brokerages trim target price
1 year, 8 months ago

ICICI Lombard’s share price dips over 4% as brokerages trim target price

Live Mint  

General insurance company, ICICI Lombard on Wednesday shed more than 4% on exchanges after brokerages trimmed their target price for the company following Q4 numbers. At the time of writing, ICICI Lombard's share price traded at ₹1083.15 apiece down by ₹47.40 or 1.2% on BSE. Emkay Global analysts in their note said, "ICICI Lombard logged a satisfactory performance in Q4FY23, …

ICICI Lombard records 40% rise in Q4 PAT, declares dividend
1 year, 8 months ago

ICICI Lombard records 40% rise in Q4 PAT, declares dividend

Live Mint  

ICICI Bank-backed general insurance arm, ICICI Lombard on Tuesday beats estimates in terms of profitability for the fourth quarter of FY23. The company posted premium earned of ₹3,726.03 crore in Q4FY23 compared to ₹3,317.78 crore in Q4FY22 and ₹3,792.05 crore in Q3FY23. The company's gross direct premium income came in at ₹49.77 billion in Q4 FY2023 as against ₹ 46.66 …

This Adani Group stock gets ’Buy’ tag from brokerages post in-line Q3 results
1 year, 10 months ago

This Adani Group stock gets ’Buy’ tag from brokerages post in-line Q3 results

Live Mint  

Cement maker ACC Ltd's Q3 FY23 EBITDA declined 32% from the year ago quarter, with blended EBITDA/ton also declining similarly, both being broadly in line with analysts estimates. The company reported a net profit of ₹113 crore during the December 2022 quarter, down 60% year-on-year, on higher costs, flat cement prices and stagnant volume growth, whereas its revenue was up …

ICICI Bank Beats HDFC Bank in Q4; Should You Buy, Sell or Hold ICIC Bank Shares?
2 years, 7 months ago

ICICI Bank Beats HDFC Bank in Q4; Should You Buy, Sell or Hold ICIC Bank Shares?

News 18  

ICICI Bank Q4 Results: ICICI Bank share prices surged nearly 2 per cent after the company reported a 59 per cent jump in standalone net profit for the March quarter of 2021-22. The private sector lender on Saturday reported a 59 per cent jump in standalone net profit to Rs 7,019 crore for the fourth quarter of 2021-22. The bank’s …

ICICI Bank shares jump nearly 6 pc as Q2 profit zooms to record high
4 years, 1 month ago

ICICI Bank shares jump nearly 6 pc as Q2 profit zooms to record high

India TV News  

Shares of ICICI Bank on Monday jumped nearly 6 per cent after the company reported an over four-fold jump in consolidated net profit for September quarter. ICICI Bank on Saturday reported over four-fold jump in consolidated net profit at Rs 4,882 crore for the September quarter driven largely by core income growth and lesser provisions for the pandemic-related impact. On …

ICICI Bank to sell up to 2 pc stake in ICICI Securities
4 years, 3 months ago

ICICI Bank to sell up to 2 pc stake in ICICI Securities

India TV News  

ICICI Bank on Wednesday said it will sell up to 2 per cent of its holding in ICICI Securities through an open market transaction. "The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value Rs 5 each of ICICI Securities Limited, representing up to 2 per …

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