ICICIGI has delivered a steady second-quarter performance, reflecting growth in profitability and continued leadership in the general insurance space despite rising claim ratios. The company’s Q2 results showed resilient business momentum backed by healthy premium growth and operational stability. However, higher claim payouts across key segments slightly weighed on underwriting margins. The company posted a net profit of ₹819.54 crore, marking an 18.1% year-on-year rise.

The weekly chart of ICICIGI highlights a clear shift in sentiment following the recent results. A sharp volume spike was observed immediately after the announcement, similar to an earlier pattern in 2024 that preceded a strong rally.

The Ichimoku cloud is now showing a positive Kumo twist, indicating improving trend strength. Price action has also reclaimed the cloud, supported by renewed buying interest and a near-term base formation around the 1,950 zone. The combination of volume expansion and a positive cloud structure points to accumulation and growing bullish bias among market participants.

ICICIGI is well positioned for a continuation of its uptrend once it decisively crosses above the swing high near 2,040. A breakout above this level could extend the move towards 2,110 in the near term and further to 2,207 thereafter.
As long as the stock sustains above its immediate support zone of 1,950–1,970, the trend remains constructive. The alignment of improving fundamentals, post-result momentum, and strong technical structure makes ICICIGI a candidate for bullish follow-through in the coming weeks.