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Brokerage Call | Morgan Stanley keeps ‘equal-weight’ rating on ICICI Lombard, target price at Rs 1,885

#1 PAT beat on higher investment income from capital gains

#2 Profitable growth focus positive, but upside limited at 36x FY26 P/E ratio

#3 Weak topline growth, intense competition & motor TP Hike uncertainty remain risks

ICICI Lombard General Insurance Company was quoting at Rs 2,013.95, up Rs 12.90, or 0.64 percent.

It has touched an intraday high of Rs 2,052.50 and an intraday low of Rs 2,004.00.

It was trading with volumes of 48,733 shares, compared to its five day average of 9,903 shares, an increase of 392.10 percent.

In the previous trading session, the share closed down 0.97 percent or Rs 19.55 at Rs 2,001.05.

The share touched a 52-week high of Rs 2,285.85 and a 52-week low of Rs 1,612.65 on 26 September, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 11.89 percent below its 52-week high and 24.88 percent above its 52-week low.

Market capitalisation stands at Rs 100,030.22 crore.

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