ICICI Lombard Upgraded to Buy! Elara Raises Target to ₹2,250 | Retail Health Momentum | ET Now　 #ETNOW

Elara Capital upgrades ICICI Lombard to a buy from accumulate, raising its target price from ₹1,960 to ₹2,250. Strong momentum in retail health, festive-led motor demand, and better execution in commercial lines are driving growth. Key metrics include 18% YoY PAT growth, 21.4% ROE, and a healthy solvency ratio of 2.73x. GST tailwinds and improved investment yields further strengthen the outlook. Watch to understand why ICICI Lombard is a stock to watch

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