2025-10-16 03:16:48 pm | Source: Motilal Oswal Financial Services ltd
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.
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