Buy, Sell or Hold: Motilal Oswal downgrades ICICI Lombard; JM Financial upgrades Billionbrains Garage Ventures

Brokerages adjusted stock ratings following recent quarterly earnings reports. JM Financial upgraded Groww to Buy after strong Q1FY27 performance and cost control. Motilal Oswal maintained a Buy rating on HDFC Life Insurance due to steady growth prospects. However, ICICI Lombard was downgraded to Neutral amid weaker profitability and a higher claims ratio. These adjustments reflect company-specific growth and profitability trends observed in the past.