Motilal Oswal initiates coverage with a buy call on ICICI Lombard; here's what the brokerage says
Updated: 11 Jul 2022, 07:55 AM IST
- Motilal Oswal highlighted that during FY22-24, ICICI Lombard delivered a premium and PAT CAGR of 19 percent and 28 percent, respectively, and an RoE of 19.1 percent in FY24. The stock is trading closer to its trough P/E multiples post a 31 percent correction in the last 18 months.
Apart from the fundamentals, the stock looks attractive n terms of valuation too. Photo: Pixabay