India's Canara HSBC Life jumps as Investec starts with 'buy'

Canara HSBC Life Insurance

23/12/2025 04:13

** India's Canara HSBC Life Insurance Co CANR.NS gains 4.6% to 139.67 rupees

** Investec initiates coverage on insurer - a JV between Canara Bank CNBK.NS and HSBC Insurance - with "buy" and PT of 225 rupees

** CANR is a professionally run insurer with a decade-long 21% CAGR growth in its annualised premium equivalent - a key metric for insurers, says Investec

** Brokerage adds HSBC's plans to double its branch netwrok over next 2-3 years and CANR simultaneously scaling its channels will help insurer to grow ahead of the industry over next 3 years

** Stock up 25.4% since listing in October

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))