ICICI Prudential shares slump 10% as Q3 earnings disappoint
Updated : January 23, 2019 10:45 AM IST
The insurer reported a 34 percent decline in its standalone net profit to Rs 296.77 crore in the third quarter ended December 31.
Weak results prompted Jefferies to downgrade ICICI Prudential Life to 'underperform' from 'hold'. The brokerage revised its price target to Rs 285 from Rs 350 earlier.