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flag Indian firm ICICI Prudential boosts stake in HII despite stock plunge and broker downgrades.

flag Indian asset manager ICICI Prudential increased its stake in US defense contractor Huntington Ingalls Industries (HII) by 83.6%, owning 35,584 shares. flag HII shares rose to $205.25 mid-day, but the company missed earnings estimates by $1.28 per share, leading to a stock drop of over 26%. flag Several brokers downgraded HII's rating, and a law firm is investigating potential securities law violations. flag Bank of America lowered its price target to $195.00, below the current stock price.

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