By Debdeep Gupta | 03 Jul, 2024
ICICI Lombard hits new record high on CLSA upgrade, forecasts 7% upside potential
Shares of ICICI Lombard surged 2 percent to hit an all-time high of Rs 1,860 on July 3 after global brokerage firm CLSA upgraded it to 'outperform' from 'hold' and raised the target price to Rs 2,000 per share, indicating an upside of 7 percent from current levels.So far this year, shares of this private insurance player have surged over 27 percent, beating the benchmark Nifty 50 index that rose o...