ICICI Lombard shares rally may not continue for long: Here's why
cnbctv18 - 2024-04-18T05:24:26.000Z

Shares of ICICI Lombard rose over 3% on Thursday after the company reported a 19% year-on-year increase in net profit for the fourth quarter of FY24. Despite this bullish sentiment, some brokerages expressed reservations regarding the stock's potential for continued growth.They have maintained target prices in the range of ₹1,760 to ₹1,990 per share.BrokerageCallTarget price CLSAUnderperform₹1,760HSBCBuy₹1,990JefferiesBuy₹1,950MSOverweight₹1,850Brokerage firm CLSA's downgrade to 'Underperform'...

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