Shares of ICICI Lombard General Insurance Company Ltd are in focus today after Motilal Oswal Research reiterated its buy call with a revised one-year target price of Rs 1,550. The target amounts to an upside of 17% to the previous close of Rs 1327.05 on BSE. In Wednesday's session, the stock of ICICI Lombard General Insurance ended flat at Rs 1329. The stock, which was trading near its 52 week high of Rs 1369 hit on August 17, 2022 opened at Rs 1,328 level in the previous session.
Shares of ICICI Lombard General Insurance fell nearly 6 per cent today after the insurance firm reported a 10 per cent decline in net profit for the fourth quarter ended March 2022. Profit fell to Rs 313 crore in Q4 against a net profit of Rs 346 crore in the corresponding period of 2020-21.