ICICI Lombard Shares May Rally 22% Says Yes Securities After Q3 Results — Check Revised Target Price

Yes Securities believes ICICI Lombard’s strong retail momentum and health segment performance provide a solid foundation for sustained growth, despite near-term challenges in motor premiums..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Yes Securities maintain Buy on ICICI Lombard General Insurance Company Ltd. with a revised price target of Rs 2300, implying an upside of 22%..Yes Securities notes that ICICI Lombard delivered a robust GDPI growth of 13.3% YoY in Q3 FY26, ahead of the industry growth of 11.5%. However, the brokerage highlights that headline OEM sales growth of 19% has not translated into commensurate motor premium growth, as sales were skewed toward small hatchbacks. Motor segment GDPI grew 9.3% YoY, with realignment efforts underway to address this gap.The health segment stood out, posting a stellar 42% YoY GDPI growth, while the retail business surged 85.8% YoY, driven by 1.7x growth in new-to-industry customers, significantly outpacing the industry’s 33.6% growth. The company aims to maintain a growth trajectory 100–200 bps ahead of the industry..Click on the attachment to read the full report:.Canara HSBC Life Insurance Shares In Focus As Motilal Oswal Initiates 'Buy' Coverage — Check Target Price .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Lombard Shares May Rally 22% Says Yes Securities After Q3 Results — Check Revised Target Price

ICICI Lombard aims to maintain a growth trajectory 100–200 bps ahead of the industry.

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