ICICIGI

's stock plunged 15% on Thursday to a 52-week low of Rs 1,544.60, its steepest single-day decline in over six years. The insurer reported a 46% YoY drop in net profit to Rs 403 crore due to large fire insurance claims and Supreme Court judgment impact. Brokerages like Nuvama, Motilal Oswal, and Emkay downgraded the stock's rating and slashed target prices.