ICICI Lombard stocks: Include ICICI Lombard General Insurer, target rate Rs 1370: HDFC Securities

HDFC Securities has include contact ICICI Lombard General Insurance Provider with a target rate of Rs 1370.0. The existing market value of ICICI Lombard General Insurance Provider is Rs 1088.45.

ICICI Lombard General Insurer, included in the year 2000, is a Big Cap business (having a market cap of Rs 53478.06 Crore) operating in Financial Providers sector.

ICICI Lombard General Insurer essential Products/Revenue Sections consist of Miscellaneous Insurance coverage, Other Operating Earnings, Fire Insurance Coverage and Marine Insurance coverage for the year ending 31-Mar-2022.

For the quarter ended 31-12-2022, the business has actually reported a Standalone Overall Earnings of Rs 4570.11 Crore, down -2.86 % from last quarter Overall Earnings of Rs 4704.51 Crore and up 13.71 % from in 2015 exact same quarter Overall Earnings of Rs 4019.13 Crore. Business has actually reported net earnings after tax of Rs 352.53 Crore in newest quarter.

The business’s leading management consists of Mrs.Lalita D Gupte, Mr.Murali Sivaraman, Mr.Sandeep Batra, Mr.Ashvin Parekh, Mr.Suresh Kumar, Mr.Uday Chitale, Mr.Ved Prakash Chaturvedi, Mr.Sanjeev Mantri, Mr.Alok Kumar Agarwal, Mr.Bhargav Dasgupta, Mr.Rakesh Jha. Business has PKF Sridhar & & Santhanam LLP as its auditors. As on 31-12-2022, the business has an overall of 49 Crore shares exceptional.

Financial Investment Reasoning
Offered the strong need outlook in the underlying cars section, the brokerage argues that the pessimism is exaggerated and it keeps ADD with a modified TP of INR1,370 (suggested Mar-25E P/E of 27x and P/ABV of 4.8 x).

Promoter/FII Holdings
Promoters held 48.02 percent stake in the business since 31-Dec-2022, while FIIs owned 23.39 percent, DIIs 16.63 percent.

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