With a price-to-earnings (or “P/E”) ratio of 38.4x ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) may be sending bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 31x and even P/E’s lower than 17x are not unusual. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified. ICICI Lombard General Insurance could be doing better as it’s been growing earnings less than most…
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