ICICI Lombard shares rally may not continue for long: Here's why
by cnbctv18
cnbctv18— Shares of ICICI Lombard rose over 3% on Thursday after the company reported a 19% year-on-year increase in net profit for the fourth quarter of FY24. Despite this bullish sentiment, some brokerages expressed reservations regarding the stock's potential for continued growth.They have maintained target prices in the range of ₹1,760 to ₹1,990 per share.BrokerageCallTarget price CLSAUnderperform₹1,760HSBCBuy₹1,990JefferiesBuy₹1,950MSOverweight₹1,850Brokerage firm CLSA's downgrade to 'Underperform'...
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WTOP—Stock market today: Asian shares rise, cheered by last week’s tech rally on Wall Street. TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.