Detailed Technical Analysis
ICICIGI daily chart recent rally ₹1,770 से current ₹1,780 तक displays strong momentum with green candles breaking resistance, price above 20-SMA ₹1,770, 50-SMA ₹1,760 bullish channel formation. MACD bullish divergence, RSI 49.65 neutral poised >60, STOCH recovery। Support ₹1,770-1,775, resistance ₹1,790-1,800। Volume pickup genuine insurance rotation, close >₹1,790 targets ₹1,820-1,850। Bullish bias intact.
Detailed Fundamental Analysis
ICICI Lombard General Insurance (ICICIGI) current price ₹1,786, market cap ₹89,033 Cr, P/E 31.2, ROE 18.8%, ROCE 24.9%, book value ₹331। Q3FY26 GDPI ₹6,158 Cr (+25.7% YoY), PAT ₹500 Cr+ strong। Combined ratio improving, motor/health growth। Attractive valuations insurance re-rating.
Company Business & Future Outcomes
ICICIGI general insurer (motor 40%, health 30%, crop 10%, commercial 20%), ICICI Bank promoter 51% stake। Future: Health/motor premium growth 15% CAGR, digital distribution, VNB ₹2,000 Cr target। Price targets ₹2,000+.
News Events & Impact
Q3 strong GDPI growth +25.7%, 7% rally recent PSU insurance rotation। Positive.
Micro & Macro Events
Micro: Q4 results ~15-Apr (GDPI ₹6,500 Cr expect)। Macro: IRDAI solvency norms, budget insurance allocation। Rate cut tailwind.
Buy Levels
Scalp: ₹1,775-1,777। Positional: ₹1,770। Long: ₹1,730। Confirmation: ₹1,790 close.
Short/Medium/Long Term View
Short: Bullish ₹1,820। Medium: Positive ₹1,950। Long: ₹2,100+.
Rally Sustainability Analysis
4-day buying genuine (volume up, SMA hold), insurance theme supports ₹1,800+ sustain.
Global Cues & Impact
Reinsurance hardening war/climate risk minor pressure, domestic health boom buffer। Neutral.
Specific Buy Recommendation
हाँ, buy ₹1,775-1,780: Technical momentum + ROE 18.8%, Q4 beat 5% upside ₹1,850। Insurance leader.
Upcoming Results & Impact
~15-Apr Q4: GDPI ₹6,500 Cr, PAT ₹550 Cr expect। Beat: ₹1,850+। Inline: ₹1,820। Watch ₹1,770 support, ₹1,790 resistance.
Disclaimer
Educational analysis only, no investment advice. Consult SEBI advisor.
Conflict Disclosure
No holdings in ICICIGI as of April 12, 2026.