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ICICI Life Insurance Q2 Review: Jefferies, Goldman Sachs Cut Targets Despite 22% VNB Growth

ICICI Life Insurance Q2 Review: Jefferies, Goldman Sachs Cut Targets Despite 22% VNB Growth

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Jefferies maintained its 'Buy' rating on ICICI Life Insurance but lowered its target price to Rs 670 from Rs 685, due to lower-than-expected VNB margins and a higher contribution from group business.

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