India's ICICI Lombard rises after quarterly profit uptick

By Reuters News

** Shares of insurance company ICICI Lombard ICIL.NS up 2.6% at 1,757.40 rupees--highest since August 5

** Co's quarterly net profit rose to 9.46 billion rupees ($99.4 million) vs 8.20 billion rupees in Q2FY26

** Co's PAT was higher than estimates, driven by strong investment income supported by stake sale in NSE IPO--Emkay ("add", raises TP to 2,000 rupees from 1,900 rupees)

** Proposed regulatory commission cuts, lower expense of management thresholds could benefit co as smaller players with higher commissions would be forced to reduce payouts which can help FY28 estimated premium growth--Jefferies ("buy", TP of 2,050 rupees)

** 24 analysts on average rate stock "buy", median TP of 1,925 rupees--LSEG-compiled data

** YTD, shares down 9.09%



($1 = 95.1500 Indian rupees)

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