XTRAS: For 2nd successive year,it won the ‘Gold’ at the ‘LearningElite’ awards for our employee-focused learning and development practices which is given by Chief Learning Officer magazine, US.

Technical Analysis
• We can see immediate support at level of 1340 and if the chart break this support we can see next strong support at 1200-1220 level.
• We can see resistance at the level of 1620-1625 levels.
• RSI Index is taken on 20 to 80. Currently it is at the level of 14, so currently ICICIGI is oversold level as of now.
• Volumes have been decreasing following few months now, although looking at the support we can see a reverse effect of the price in the upcoming months.

Analyst View
• ICICI Lombard General Insurance has a strong brand value and has a market share of 7% which can be seen in their performance post Covid19 and reported growth of 22.6% YoY in Q4FY21.
• ICICI Lombard General Insurance has shown a good profit growth of almost 33% in recent years and also decreased its debt significantly showing strong financials of the company.
• India is going through a stage of insurance reform and ICICI Lombard General Insurance has huge potential to utilize it. Government emphasis on insurance penetration, digital infrastructure initiatives, have made them a company to invest in.