Buy ICICI Lombard Ltd for the Target Rs. 2,400 by Motilal Oswal Financial Services Ltd
* YoY decline in NEP growth due to 1/n accounting, while recovery is seen in the auto sales.
* The combined ratio increased in 2QFY26, led by higher claims and commission ratios.
* Loss ratios are expected to remain elevated, but operational leverage is likely to aid the opex ratio.
* GST exemption implications and TP motor premium hikes are the key monitorables.

For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
