VERIFIEDET Markets·16 Jul 2026negative

Explained: Why ICICI Lombard shares tumbled 15% in their biggest fall since the COVID crash

AI Summary

·ICICI Lombard shares experienced a 15% drop, reaching a 52-week low following a miss in June-quarter earnings.
·Brokerages responded by reducing target prices and downgrading ratings for the company's stock.
·Analysts pointed to factors such as weak underwriting, increased claims, regulatory challenges, and decelerated premium growth as reasons for concern.