ICICI Lombard shares in focus as Q3 PAT declines 9% to Rs 659 crore. What should investors do?

ICICI Lombard General Insurance saw a profit drop in the December quarter. Higher claims and weaker underwriting performance affected results. Despite this, premium income grew, outpacing industry growth. Analysts offer mixed views on the stock. Goldman Sachs maintains a Neutral rating with a reduced target price. Morgan Stanley retains an Equal-weight rating, expecting GST rate cuts to boost future growth.