Canara Bank Analyst Rating
based on 16 analysts
60.00%
Buy
20.00%
Hold
20.00%
Sell
Based on 16 analysts offering long term price targets for Canara Bank. An average target of ₹121.81
Source: S&P Global Market Intelligence
Canara Bank Share analysis
Canara Bank price forecast by 16 analysts
Upside of17.25%
High
₹140
Target
₹121.81
Low
₹83
Canara Bank target price ₹121.81, a slight upside of 17.25% compared to current price of ₹101.5. According to 16 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Canara Bank revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Canara Bank EPS growth forecast
EPS estimate Q1, FY2026:6.24%
Forecast
Actual
Source: S&P Global Market Intelligence
Canara Bank Performance
Day's Low
Day's High
₹101.12₹104.852 Week's Low
52 Week's High
₹76.2₹128.9
| Returns % | |
| 1 Month Return | -0.57 % |
| 3 Month Return | -5.17 % |
| 1 Year Return | + 33.78 % |
| Market Stats | |
| Previous Close | ₹103.89 |
| Open | ₹104.15 |
| Volume | 1.44Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹94,235.00Cr |
Canara Bank Key Statistics
| P/E Ratio | 5.89 |
| PEG Ratio | 2.56 |
| Market Cap | ₹94,235.00 Cr |
| P/B Ratio | 1.35 |
| EPS | 16.296 |
| Dividend Yield | 2.77 |
| Sector | Banks |
| ROE | 20.22 |
Canara Bank Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹94,235.00 Cr | 32.75% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹51,080.93 Cr | 14.26% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹90,954.41 Cr | 25.18% | NA | ₹13,797 Cr | ₹1,18,188 Cr | |
| HOLD | ₹1,20,836.81 Cr | 14.87% | NA | ₹9,107 Cr | ₹1,23,222 Cr | |
| BUY | ₹76,318.98 Cr | 75.31% | NA | ₹8,419 Cr | ₹64,231 Cr |
Canara Bank Mutual Fund Holdings
About Canara Bank
Canara Bank operates primarily in India but has a significant international presence with branches in the UK, UAE, Russia, South Africa, and several other countries. The bank has several subsidiaries, including Canara HSBC Life Insurance, Canara Robeco Asset Management, and Canbank Factors Limited, which cater to insurance, asset management, and factoring services, respectively. A notable fact about Canara Bank is its merger with Syndicate Bank in 2020, making it one of the largest public sector banks in India. The merger has enhanced its scale, expanded its network, and strengthened its market position in the Indian banking industry.
Share Price: ₹101.50 per share as on 12 Nov, 2024 04:01 PM
Market Capitalisation: ₹94,235.00Cr as of today
Revenue: ₹38,006.05Cr as on September 2024 (Q3 24)
Net Profit: ₹4,187.76Cr as on September 2024 (Q3 24)
Listing date: 23 Dec, 2002
Chairperson Name: Vijay Srirangan
| Organisation | Canara Bank |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for Canara Bank
Canara Bank's Learning Centre Inaugurated by FM - 11 Nov, 2024
On November 11, 2024, FM Sitharaman inaugurated four Nari Shakti Branches of Union Bank and Canara Bank's Learning Centre in Bengaluru, promoting women's empowerment.
Canara Bank Announces Digital Mandate and Service Charge Waiver - 08 Nov, 2024
Canara Bank has engaged Goldmine Advertising for its digital media strategy and waived service charges for Doorstep Banking Life Certificate submissions until year-end. Additionally, an MP emphasized the need for local language speakers in nationalised banks during a recent event.
Canara Bank Focuses on Subsidiary Valuation Improvement - 07 Nov, 2024
Canara Bank is actively working to enhance the valuation of its subsidiary, CanFin Homes, following the RBI's draft circular on business and prudential regulations for investments, as stated by CEO K Satyanarayan Raju.
Canara Bank's Growth Prospects and Strategic Moves - 06 Nov, 2024
Canara Bank is set to sponsor the merger of four RRBs in Andhra Pradesh. CEO Raju expresses confidence in double-digit growth and discusses credit card operations post-RBI rejection.
Canara Bank Faces 20% Decline; Buy on Dips - 05 Nov, 2024
Canara Bank's stock has declined 20% from its peak of Rs 129 in June 2024, closing at Rs 103 on November 1. Experts suggest that short- to medium-term traders with a high-risk profile should consider buying on dips, targeting Rs 144 in the next 6-8 months. The stock is currently at a potential entry point, trading around the neckline of a Rounding Bottom breakout pattern.
Canara Bank Targets Rs 6,000 Crore Recovery - 04 Nov, 2024
Canara Bank aims to recover approximately Rs 6,000 crore from bad loans in Q2 of 2024-25. The bank reported Rs 2,905 crore recovery in the previous quarter and anticipates similar recoveries in the upcoming quarters.
Canara Bank Targets Rs 6,000 Crore Recovery - 03 Nov, 2024
Canara Bank plans to recover Rs 6,000 crore from bad loans in the second half of FY25, anticipating Rs 3,000 crore in both Q3 and Q4. The bank reported an 11% rise in Q2 net profit to Rs 4,015 crore. An IPO for Canara Robeco Asset Management Company is expected in Q4, pending approval.
Canara Bank Focuses on Risk Control Amid Growth - 02 Nov, 2024
Canara Bank prioritizes risk management as its gold loan portfolio surpasses ₹1.5 lakh crore. The bank reports improved asset quality, with a net profit increase of 11.3% year-on-year, driven by lower NPAs and effective recovery strategies.
Canara Bank Leads Sale of Non-Performing Loans - 01 Nov, 2024
Canara Bank, leading a consortium of lenders, is seeking binding bids to sell Rs 1,226.13 crore of non-performing loans related to Mumbai Metro One Private Limited through a Swiss challenge auction on November 28.
Canara Bank Launches Digital Lending, Maintains Strong Growth - 31 Oct, 2024
Canara Bank's MD announced a digital lending initiative for MSMEs, while Motilal Oswal reiterated a BUY rating with a target price of Rs 125, highlighting strong PAT growth and improved asset quality.
Canara Bank Reports Profit, Adjusts Loan Growth Strategy - 30 Oct, 2024
Canara Bank reported an 11% rise in net profit for Q2 FY25. The bank is moderating gold loan growth to 15-17% amid regulatory concerns and has filed for insolvency against BGR Energy Systems. It aims to maintain its NIM guidance despite rising deposit costs.
Canara Bank Reports Strong Q2 Earnings Growth - 29 Oct, 2024
Canara Bank's Q2 FY25 results show an 11% increase in net profit to Rs 4,015 crore, driven by lower provisions and improved asset quality. Gross NPAs decreased to 3.73%, while total income rose to Rs 34,721 crore. The bank plans to open 250 new branches this year.
Canara Bank Announces Q2 Earnings Schedule and Trading Updates - 18 Oct, 2024
Canara Bank will meet on October 29, 2024, to approve its Q2 financial results. The trading window closed on October 1. The bank's shares rose over 2% to ₹104.65, reflecting a 40.73% increase over the past year.
Insights on Canara Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 2 quarters, 36.96K Cr → 38.00K Cr (in ₹), with an average increase of 2.7% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 3.49% to 4.34% in Sep 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 4 quarters, 3.79K Cr → 4.18K Cr (in ₹), with an average increase of 3.3% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 13.96% to 14.17% in Sep 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 62.93% of holdings in Sep 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 11.89% to 11.25% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 6 months, CANBK stock has moved down by -5.4%
Canara Bank Financials
Index Inclusions
Canara Bank Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 62.93% | 0.00 | |
| Foreign Institutions | 11.25% | ||
| Mutual Funds | 4.34% | 24.36 | |
| Retail Investors | 14.17% | 1.50 | |
| Others | 7.31% |
Canara Bank Key Indicators
Canara Bank Valuation
Canara Bank in the last 5 years
Lowest (-8.58x)
March 4, 2021
Today (5.89x)
November 11, 2024
Industry (15.69x)
November 11, 2024
Highest (35.86x)
April 2, 2019
Canara Bank Earnings and Dividends
Canara Bank Earnings Results
Canara Bank’s net profit jumped 10.27% since last year same period to ₹4,187.76Cr in the Q2 2024-2025. On a quarterly growth basis, Canara Bank has generated 2.96% jump in its net profits since last 3-months.
Read More about Earnings ResultsCanara Bank Dividends May,2024
In the quarter ending March 2024, Canara Bank has declared dividend of ₹3.22 - translating a dividend yield of 15%.
Read More about Dividends
Canara Bank Technicals Summary
Bearish
Neutral
Bullish
Canara Bank is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Canara Bank
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Canara Bank (CANBK) share price today is ₹101.5
Canara Bank is listed on NSE
Canara Bank is listed on BSE
- Today’s highest price of Canara Bank is ₹104.8.
- Today’s lowest price of Canara Bank is ₹101.12.
PE Ratio of Canara Bank is 5.89
PE ratio = Canara Bank Market price per share / Canara Bank Earnings per share
Today’s traded volume of Canara Bank(CANBK) is 1.44Cr.
Today’s market capitalisation of Canara Bank(CANBK) is ₹94235Cr.
| Canara Bank(CANBK | Price |
|---|---|
52 Week High | ₹128.9 |
52 Week Low | ₹76.2 |
Canara Bank(CANBK) share price is ₹101.5. It is down -21.26% from its 52 Week High price of ₹128.9
Canara Bank(CANBK) share price is ₹101.5. It is up 33.20% from its 52 Week Low price of ₹76.2
| Canara Bank(CANBK | Returns |
|---|---|
1 Day Returns | -2.39% |
1 Month Returns | -0.57% |
3 Month Returns | -5.17% |
1 Year Returns | 33.78% |