Canara HSBC Life hits record high on strong quarterly results, better margins

Canara HSBC Life Insurance

21/07/2026 05:47

** Canara HSBC Life Insurance Company CANR.NS shares rise 4.2% to 156.03 rupees, an all-time high
** Quarterly net premium income rises 23.8% from a year earlier; Profit after tax jumps 20.2%   
** Brokerage Systematix Institutional Equities says VNB margin for the quarter stood at 21.1%, improving by 160bps YoY, driven by better product mix and benefit from a favorable yield curve
** Going forward, management expects GST-related impact on margins to moderate over remaining quarters of FY27 -- brokerage 
** Systematix maintains "buy" rating for the company with a price target of 185 rupees, representing 23.5% upside to the stock's last close  
** Stock trades at forward 12-months PE of 63.48 vs industry median of 34.98 
** All 9 brokerages covering the stock rate it "buy" or higher; their median PT is 190 rupees
** YTD, CANR up 5.14% 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))