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

ICICI Life Insurance shares have been given a 'Buy' rating by Religare Broking, 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.