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

ICICI Lombard’s stock fell nearly 15% to ₹1,544.40 after a 46% drop in Q1 net profit, impacted by fire losses and regulatory changes. MOFS has set a target price of ₹1,960, downgrading the stock to ‘Neutral’.