ICICI Lombard General Insurance’s share price has tumbled more than 9% so far this year, largely in line with the headline indices. The stock has de-rated with growth deceleration, rising competition, and lower ROEs, said analysts at Credit Suisse. The global brokerage firm has initiated the coverage of ICICI Lombard General Insurance and is bullish […]
Benchmark indices rose for the second straight day on Tuesday, as investors lapped up beaten down quality stocks on firm global cues. Softening crude oil prices further boosted the investor sentiment. Barring China, most Asian indices gained in Tuesday’s trade, with Taiwan TAIEX and Hang Seng climbing 2.4% and 1.9%, respectively. While the Nikkei 225 […]
Earnings estimates for the Nifty50 in FY23 have been left more or less unchanged post the Q4FY22 earnings season. For FY24, earnings estimates have been downgraded very slightly as most sectors are expected to fare well. As such, net profit for Nifty50 is now estimated to grow 23% in FY23 and 15% in FY24. In […]