Credit Suisse Positive On Both ICICI Lombard And Star Health | ET Now | Latest News
9Credit Suisse is positive on the insurance space in general where they believe that valuations have corrected. They see the trigger for ICICI Lombard to be due to an expected pick-up in auto insurance in the current fiscal and they believe the stock warrants a re-rating. Further, on the health side, they expect premium growth to kick in along with the claims ratio to come down. They believe some of these factors will aid both ICICI Lombard and Star Health where stocks are trading at attractive valuations. They hence have a positive rating on both these counters. Hersh Sayta sums this up.
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