ICICI Life Insurance shares: Despite 34% slump in 2026, Religare sees 42% upside post Q2 results | Here's why

Religare Broking reiterated its ‘Buy’ rating on ICICI Life Insurance, with a target price of ₹650, implying a 42.6% upside. The brokerage cited leadership continuity, distribution strategy and operating efficiency as key growth drivers, while flagging near-term softness in some product segments.
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