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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more