ICICI Lombard share price crashes 15% to 52-week low after Q1 profit tanks 46%; Should you buy the dip?

ICICI Lombard reported a 46 percent year-on-year decline in Q1 FY27 net profit to Rs 403 crore, dragged by fire losses of Rs 63 crore and a Rs 165 crore increase in motor third-party claim reserves following a Supreme Court judgment. The stock crashed about 15 percent to a 52-week low of Rs 1,544.40 on the BSE, while Net Premium Earned grew 16 percent to Rs 5,950 crore. Motilal Oswal downgraded the stock to Neutral with a target of Rs 1,960, and Emkay cut its target price by 10 percent to Rs 1,900.