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    Canara Bank Share PriceCanara Bank

    Large Cap 27k Result
    ₹446.7
    8.15 (1.86%)
    As on 12 December, 2023 | 03:55 BSE: 532483 NSE: CANBKISIN: INE476A01014

    Canara Bank Performance

    Day Range

    • Low 438.35
    • High 449.50
    ₹ 446.7

    52 Week Range

    • Low 268.80
    • High 449.50
    ₹ 446.7
    • Open Price440.00
    • Previous Close438.55
    • Volume7034375

    Start SIP in Canara Bank

    Start SIP

    Canara Bank Share Price

    • Over 1 Month 15.31%
    • Over 3 Month 24.1%
    • Over 6 Month 43.63%
    • Over 1 Year 40.67%

    Canara Bank Key Statistics

    P/E Ratio 5.8
    PEG Ratio 0.1
    Market Cap Cr 81,037
    Price to Book Ratio 1.1
    EPS 56.7
    Dividend 2.7
    Relative Strength Index 79.78
    Money Flow Index 80.42
    MACD Signal 11.31
    Average True Range 10.19

    Canara Bank F&O

    Canara Bank Futures
    Canara Bank Option Chain

    Canara Bank Investment Rating

    • Master Rating:

    • Canara Bank (Nse) has an operating revenue of Rs. 126,262.74 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 13% is healthy, ROE of 15% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 31% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 59 which is a POOR score indicating inconsistency in earnings, a RS Rating of 68 which is FAIR indicating the recent price performance, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 133 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Canara Bank Financials
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 26,83825,00423,91022,23120,10718,17717,862
    Operating Expenses Qtr Cr 5,9225,8816,1405,6345,3545,3545,265
    Operating Profit Qtr Cr 7,6167,6047,2526,9526,9056,6066,202
    Depreciation Qtr Cr 0000000
    Interest Qtr Cr 17,93516,33815,29313,63112,67311,39210,856
    Tax Qtr Cr 1,4011,350983949743894827
    Net Profit Qtr Cr 3,6063,5353,1752,8822,5252,0221,666
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 103,18785,907
    Operating Expenses Annual Cr 22,48119,792
    Operating Profit Annual in Cr 27,71623,089
    Depreciation Cr 993816
    Interest Annual Cr 52,98943,026
    Tax Annual Cr 3,5693,283
    Net Profit Annual Cr 10,6045,678
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr -40,676268
    Cash from Investing Activity Annual Cr -390-657
    Cash from Financing Annual Activity Cr 4354,035
    Net Cash Flow Annual Cr -40,6313,646
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 73,60766,111
    Fixed Assets Annual Cr 10,23111,356
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 1,016,463933,610
    Total Assets Annual Cr 1,345,7321,226,980
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 406364
    ROE Annual % 1610
    ROCE Annual % 66
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 27,29025,45124,30422,56120,48218,53718,227
    Operating Expenses Qtr Cr 8,2508,2709,1567,7077,6895,6947,097
    Operating Profit Qtr Cr 7,7077,6537,3267,0096,9896,6506,566
    Depreciation Qtr Cr 0000000
    Interest Qtr Cr 17,93416,33715,29213,62212,68111,39610,856
    Tax Qtr Cr 1,4211,359996963757903870
    Net Profit Qtr Cr 3,8603,7393,3373,0332,7062,1801,919
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 111,21094,257
    Operating Expenses Annual Cr 30,24527,924
    Operating Profit Annual in Cr 27,97423,298
    Depreciation Cr 1,021841
    Interest Annual Cr 52,99043,035
    Tax Annual Cr 3,6193,350
    Net Profit Annual Cr 11,2556,125
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr -39,978919
    Cash from Investing Activity Annual Cr -1,238-1,256
    Cash from Financing Annual Activity Cr 4454,035
    Net Cash Flow Annual Cr -40,7703,699
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 78,05469,961
    Fixed Assets Annual Cr 10,33411,450
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 1,017,803934,867
    Total Assets Annual Cr 1,381,0301,257,664
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 430386
    ROE Annual % 1610
    ROCE Annual % 66
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
    Invest in Canara Bank

    Canara Bank Technicals

    EMA & SMA

    Current Price
    ₹446.7
    8.15 (1.86%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹414.03
    • 50 Day
    • ₹392.90
    • 100 Day
    • ₹371.15
    • 200 Day
    • ₹343.27
    • 20 Day
    • ₹410.50
    • 50 Day
    • ₹389.53
    • 100 Day
    • ₹365.43
    • 200 Day
    • ₹333.11

    Canara Bank Resistance and Support

    PIVOT
    ₹444.85
    Resistance
    First Resistance 451.35
    Second Resistance 456.00
    Third Resistance 462.50
    RSI 79.78
    MFI 80.42
    MACD Single Line 11.31
    MACD 15.02
    Support
    First Resistance 440.20
    Second Resistance 433.70
    Third Resistance 429.05

    Canara Bank Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 7,399,940 206,088,329 27.85
    Week 8,126,096 230,131,027 28.32
    1 Month 6,657,391 227,416,482 34.16
    6 Month 8,436,192 285,227,635 33.81

    Canara Bank Result Highlights

    Canara Bank Synopsis

    NSE-Banks-Money Center

    Canara Bank is a Public Limited Listed company incorporated on 01/07/1906 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.
    Market Cap 81,037
    Sales 116,198
    Shares in Float 67.12
    No of funds 361
    Yield 2.69
    Book Value 1.23
    U/D Vol ratio 1.5
    LTDebt / Equity 79
    Alpha 0.04
    Beta 1.86

    Canara Bank

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 62.93%62.93%62.93%62.93%
    Mutual Funds 4.83%4.62%4.53%4.77%
    Insurance Companies 8.79%10.24%10.59%10.81%
    Foreign Portfolio Investors 10.19%8.91%8.95%8.74%
    Financial Institutions/ Banks 0.27%0.28%0.27%
    Individual Investors 10.45%10.65%10.33%10.04%
    Others 2.81%2.38%2.39%2.44%

    Canara Bank Management

    Name Designation
    Mr. Vijay Srirangan Non Executive Chairman
    Mr. K Satyanarayana Raju Managing Director & CEO
    Mr. Brij Mohan Sharma Executive Director
    Mr. Debashish Mukherjee Executive Director
    Mr. Ashok Chandra Executive Director
    Mr. Hardeep Singh Ahluwalia Executive Director
    Ms. Nalini Padmanabhan Part Time Non Official Director
    Mr. Dibakar Prasad Harichandan Part Time Non Official Director
    Mr. Bimal Prasad Sharma Shareholder Director
    Mr. Karunakara Shetty Shareholder Director
    Ms. Abha Singh Yaduvanshi Shareholder Director
    Mr. Suchindra Misra Government Nominee Director
    Mr. R Kesavan Nominee Director

    Canara Bank Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Canara Bank Corporate Action

    Date Purpose Remarks
    2023-10-26 Quarterly Results
    2023-07-24 Quarterly Results
    2023-06-28 Others Inter alia, to consider and approve the Capital Raising Plan of the Bank for the financial year 2023-24. alia, for raising of capital of up to Rs. 2000 crore by way of qualified institutions placement at their meeting held on September 25, 2020 and approval of Shareholders of the Bank.
    2023-05-08 Audited Results & Dividend
    2023-01-23 Quarterly Results
    Date Purpose Remarks
    2023-06-14 FINAL Rs.12.00 per share(120%)Dividend
    2022-06-16 FINAL Rs.6.50 per share(65%)Dividend

    Canara Bank MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 63,981
    Parag Parikh Flexi Cap Regular Growth 44,038
    Kotak Equity Arbitrage Fund Growth 28,958
    SBI Balanced Advantage Fund Regular Growth 24,344
    Nippon India Multi Cap Fund - Growth 22,695

    About Canara Bank

    Canara Bank holds a prominent position among India's commercial banks. It was founded in 1906 in Mangalore, Karnataka, by the esteemed Mr Ammembal Subba Rao Pai. Formerly known as Canara Bank Hindu Permanent Fund, the bank adopted Canara Bank Limited.

    The founder envisioned the bank as a financial institution and a force for positive social change. His vision included endeavours to dispel ignorance and superstitions, foster a savings culture, and extend assistance to those in need while promoting a sense of humanity.

    Alongside its all-inclusive banking services, Canara Bank has achieved several significant milestones. It notably launched India's first Inter-City ATM network, received the ISO Certification for one of the branches - a pioneering achievement in the banking sector, and introduced credit cards for farmers while offering the Agricultural Consultancy Services, a first-of-its-kind initiative in the country.

    The bank caters to diverse customers, providing various value-added banking services. These services encompass Personal Banking, Corporate Banking, NRI Banking, and ME Credit & Priority S Services, reflecting Canara Bank's commitment to meeting the needs of different segments of society.

    The History of Canara Bank

    A philanthropist named Ammembal Subba Rao Pai founded Canara Hindu Permanent Fund on 1st July 1906 in Mangalore, India.

    In 1961, Canara Bank made its first acquisition by taking over the Bank of Kerala, which was established in 1944 and had three branches during the time of acquisition on 20th May 1961. The 2nd bank acquired by Canara Bank was the Seasia Midland Bank, founded on 26th July 1930, with seven branches during the takeover.

    The RBI directed Canara Bank to acquiring G. Raghumathmul Bank in 1958 in Hyderabad. The bank, established in the year 1870 and converted into a limited company, had five branches at the time of acquisition, which came into action in 1961. Additionally, in the same year, Canara Bank attained the Trivandrum Permanent Bank, established in 1899, and had 14 branches during the merger.

    Four banks were acquired by Canara Bank in 1963: 

    ● Sree Poornathrayeesa Vilasam Bank

    ● Thrippunithura; Arnad Bank, Tiruchirapalli

    ● Pandyan Bank, Madurai

    ● Cochin Commercial Bank, Cochin

    Sree Poornathrayeesa Vilasam Bank, founded on 21st February 1923, had 14 branches during its acquisition. Arnad Bank, established on 23rd December 1942, had one branch only during the acquisition. Cochin Commercial Bank, founded on 3rd January 1936, had thirteen branches during the acquisition.

    Canara Bank- Some Important Facts

    ● In 1906, Canara Bank was founded in Mangalore, Karnataka, India, and stands as one of the oldest public sector banks in the country.
    ● In 1969, the Government of India nationalised Canara Bank, transforming it into a public sector bank and bringing it under government ownership and supervision.
    ● With a vast branch network both in India and overseas, Canara Bank operates numerous branches and representative offices in various countries, catering to NRI customers and facilitating international transactions.
    ● Canara Bank has several subsidiaries, including Canara Robeco Asset Management Company, Canbank Factors Ltd., Canbank Computer Services Ltd., and Canara Bank Securities Ltd.


    Canara Bank- Awards Received

    ● Canara Bank emerged as the winner in the Best Technology Talent category and received special recognition in Best Digital Engagement, Best Technology Bank, and Best Financial Inclusion categories at the 18th IBA Technology Expo, Conference, and Awards in December 2022.
    ● The prestigious "Banker's Bank of the Year Award 2022" was bestowed upon Canara Bank at the Global Banking Summit for the India segment in London.
    ● As of 31st March 2022 (FY 2021-22), Canara Bank secured the top rank for Digital Payment performance, according to the balanced scorecard released by the Ministry of Electronics & Information Technology (MeitY) in October 2022.
    ● Canara Bank received the APY annual award for the year 2021-22 from PFRDA.
    ● For the Financial Year 2020-21, Canara Bank achieved the 2nd position for the implementation of the Prime Minister Employment Generation Programme (PMEGP), as recognized by KVIC, Ministry of MSME.
    ● Canara Bank was honoured with the Runner-up award in the "Best Payment Initiatives" category at IBA's 17th Annual Banking Technology Conference and Awards 2020-21, themed "Next Gen Banking."


    Canara Bank offers a wide array of banking and financial services to its customers, encompassing retail and corporate banking, investment banking, and treasury operations. The bank's dedication to delivering exceptional services has earned it numerous awards and accolades throughout its journey. However, like any financial institution, it is crucial to verify the most current information from official sources to stay informed about Canara Bank's latest operations and performance.

    Canara Bank FAQs

    What is Share Price of Canara Bank ?

    Canara Bank share price is ₹446 As on 12 December, 2023 | 03:41

    What is the Market Cap of Canara Bank ?

    The Market Cap of Canara Bank is ₹81037.2 Cr As on 12 December, 2023 | 03:41

    What is the P/E ratio of Canara Bank ?

    The P/E ratio of Canara Bank is 5.8 As on 12 December, 2023 | 03:41

    What is the PB ratio of Canara Bank ?

    The PB ratio of Canara Bank is 1.1 As on 12 December, 2023 | 03:41

    Q2FY23

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