{"id":84812,"date":"2023-01-20T16:11:00","date_gmt":"2023-01-20T10:41:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=84812"},"modified":"2023-01-20T17:21:18","modified_gmt":"2023-01-20T11:51:18","slug":"icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets\/","title":{"rendered":"ICICI Lombard and ICICI Prudential post good Q3 results; Check their latest targets"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-487758004\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of ICICI Lombard General Insurance and ICICI Prudential Life Insurance shares faced selling pressure after they reported their financial results for the December quarter. ICICI Lombard\u2019s shares closed at \u20b9 1151.95 apiece on Friday, while ICICI Prudential\u2019s shares closed at \u20b9 471.90 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-328804603\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-icici-lombard-general-insurance\"><strong>ICICI Lombard General Insurance\u00a0<\/strong><\/h4><p>The general insurer reported a net profit of \u20b9 352.5 crores for the October-December period, marking an increase of 11 percent, compared with the corresponding period a year ago. Its net premium earned increased 14.4 per cent on year to \u20b9 3,792 crore, which was lesser than the industry growth of 18.1% during the quarter.&nbsp;<\/p><p>Meanwhile, Jefferies has maintained a buy call on the company\u2019s shares with a target price of \u20b9 1620. This implies an upside of 40.63% as compared to its share price.&nbsp;<\/p><p>Jefferies said that the company\u2019s profit growth missed estimates due to upfront charge-off of sales costs. It is reaping benefits from bancassurance. Further, its premium growth synergies can aid 20% CAGR in profit over FY23-25 &amp; ROE of 19%. Further, it said that the stake sale of the company is an overhang.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-734051408\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Credit Suisse has an outperform rating on the stock, with a target price of \u20b9 1500. This implies an upside of 30.21% as compared to its current share price.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>ICICI Prudential Life Insurance&nbsp;<\/strong><\/h4><p>The life insurer reported a 28.9 per cent fall in net profit to Rs 220.6 crore for the December quarter compared with the year-ago period. Its net premium income, however, increased 4.3 per cent on a year-on-year basis to \u20b9 9464.5 crore.&nbsp;<\/p><p>Citi has maintained a buy call on the shares with a target price of \u20b9 695.00. This translates to an upside of 47.27% as compared to its share price.&nbsp;<\/p><p>Morgan Stanley has maintained an overweight rating on the stock with a target price of \u20b9 630.00. This indicates an upside of 33.50% as compared to its share price.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-509030798\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of ICICI Lombard General Insurance and ICICI Prudential Life Insurance shares faced selling pressure after they reported their financial results for the December quarter. ICICI Lombard\u2019s shares closed at \u20b9 1151.95 apiece on Friday, while ICICI Prudential\u2019s shares closed at \u20b9 471.90 apiece.&nbsp; ICICI Lombard General Insurance\u00a0 The general insurer reported a net [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-84812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICICI Lombard and ICICI Prudential post good Q3 results; Check their latest targets - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICICI Lombard and ICICI Prudential post good Q3 results; Check their latest targets\" \/>\n<meta property=\"og:description\" content=\"The shares of ICICI Lombard General Insurance and ICICI Prudential Life Insurance shares faced selling pressure after they reported their financial results for the December quarter. ICICI Lombard\u2019s shares closed at \u20b9 1151.95 apiece on Friday, while ICICI Prudential\u2019s shares closed at \u20b9 471.90 apiece.&nbsp; ICICI Lombard General Insurance\u00a0 The general insurer reported a net [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T10:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-20T11:51:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/market-cover-image-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/market-cover-image-3.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets\/\",\"url\":\"https:\/\/tradebrains.in\/features\/icici-lombard-and-icici-prudential-post-good-q3-results-check-their-latest-targets\/\",\"name\":\"ICICI Lombard and ICICI Prudential post good Q3 results; 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