Motilal Oswal Reiterates Buy on Canara HSBC Life Insurance, Sets Rs 180 Target
Motilal Oswal’s report says Canara HSBC’s APE grew 11% year over year to INR6.6b in 2QFY27, while VNB rose 20% to INR1.4b and VNB margin was 21.4%.
6b, in line with expectations. APE was up 14% YoY in 1HFY27. 4b in 2QFY27, also in line. 7% in 2QFY26 and our estimate of 21%.
For 1HFY27, VNB grew 24% YoY with…