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 of18.38%
High
₹140
Target
₹121.81
Low
₹83
Canara Bank target price ₹121.81, a slight upside of 18.38% compared to current price of ₹99.61. 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, FY2026:11.94%
Forecast
Actual
Source: S&P Global Market Intelligence
Canara Bank Performance
Day's Low
Day's High
₹99.37Day's Price Range₹103.2952 Week's Low
52 Week's High
₹82.6952-Week Price Range₹128.9
| Returns % | |
| 1 Month Return | + 8.93 % |
| 3 Month Return | -5.86 % |
| 1 Year Return | + 19.11 % |
| Market Stats | |
| Previous Close | ₹102.90 |
| Open | ₹102.55 |
| Volume | 1.94Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹93,600.05Cr |
Canara Bank Key Statistics
| P/E Ratio | 5.84 |
| PEG Ratio | 2.53 |
| Market Cap | ₹93,600.05 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 | ₹93,600.05 Cr | 25.54% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹49,146.05 Cr | 10.62% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹93,794.11 Cr | 21.4% | NA | ₹13,797 Cr | ₹1,18,188 Cr | |
| HOLD | ₹1,18,411.79 Cr | 12.53% | NA | ₹9,107 Cr | ₹1,23,222 Cr | |
| BUY | ₹74,810.38 Cr | 85.69% | 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: ₹99.61 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹93,600.05Cr 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 Partners with Tata Power for Solar Loans - 20 Dec, 2024
Canara Bank collaborates with Tata Power Renewable Energy to facilitate rooftop solar system adoption through the PM Surya Ghar Scheme, offering attractive financing options for households.Canara Bank Experiences Minor Decline Amidst Gains - 12 Dec, 2024
Canara Bank's stock fell 0.51% to Rs 108.35 today, despite a 6.8% increase over the past month. The stock reached a record high of Rs 129.35 on June 4, 2024, and a 52-week low of Rs 82.66 on December 21, 2023.Positive Stock Recommendation for Canara Bank - 10 Dec, 2024
Market expert Kunal Bothra has recommended buying Canara Bank shares, targeting Rs 120 with a stop loss at Rs 104, as the current market price is Rs 109.Canara Bank CASA Growth Shows Positive Trend - 09 Dec, 2024
Canara Bank has reported an increase in CASA growth for the first time in three quarters, rising from 30.98% to 31.27%, with an absolute improvement of ₹8,000 crore quarter-on-quarter.Canara Bank Shares Rise on RBI Approval for IPO - 06 Dec, 2024
Canara Bank shares rose after receiving RBI approval to divest stakes in Canara Robeco Asset Management and Canara HSBC Life Insurance through IPOs. The bank aims to reduce its holdings by 13% and 14.5%, respectively, by October 2029.Canara Bank Secures RBI Approval for Stake Divestment - 05 Dec, 2024
Canara Bank has received approval from the RBI to divest its stakes in Canara Robeco Asset Management and Canara HSBC Life Insurance through IPOs, aiming to reduce ownership to 30% by 2029.Canara Bank Shares Rise Amid Positive Growth Indicators - 04 Dec, 2024
Canara Bank shares increased by 1.55% to Rs. 106.75, reflecting positive growth. The bank's merger history aims to strengthen its market position.Canara Bank Announces Executive Appointment - 02 Dec, 2024
Canara Bank has appointed Smt. K A Sindhu as the Functional Head of Chennai Circle Office, promoting her to Chief General Manager. She has extensive experience since joining in 1989.Canara Bank Plans IPOs for Two Subsidiaries - 30 Nov, 2024
Canara Bank's MD & CEO announced plans to launch IPOs for Canara Robeco Asset Management and Canara HSBC Life Insurance in FY2026. The bank will offload a 13% stake in the AMC, while Orix will sell 12%. Government approval allows Canara Bank to retain over 30% stake post-IPO.Canara Bank Subsidiaries Set for IPOs - 29 Nov, 2024
Canara Bank's managing director announced that two subsidiaries are preparing to launch initial public offerings in the first half of the next financial year, following government approval for the bank to hold over 30% in each subsidiary post-listing.Canara Bank Secures Exemption for Joint Venture Stakes - 28 Nov, 2024
Canara Bank has received government exemption to hold over 30% in its joint ventures, Canara Robeco and Canara HSBC Life Insurance, until October 31, 2029. This allows the bank to proceed with planned divestments through IPOs.Canara Bank Stock Outlook Remains Positive - 26 Nov, 2024
Analyst Jain recommends holding Canara Bank shares, citing strong fundamentals and a target price of Rs 125-130. The stock was trading 1.2% higher at Rs 102.11.Canara Bank Faces Significant Stock Decline - 21 Nov, 2024
Canara Bank's stock fell 3.79%, resulting in a market cap loss of Rs 3,365 crore. The decline continued with a broader market sell-off affecting public sector banks.
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 IMPACTRetail Holding Up
Retail Investor have increased holdings from 13.96% to 14.17% in Sep 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 3.49% to 4.34% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue 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
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
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 -14.8%
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 (5.84x)
December 19, 2024
Industry (15.85x)
December 19, 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 15.28%.
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 ₹99.61
Canara Bank is listed on NSE
Canara Bank is listed on BSE
- Today’s highest price of Canara Bank is ₹103.29.
- Today’s lowest price of Canara Bank is ₹99.37.
PE Ratio of Canara Bank is 5.84
PE ratio = Canara Bank Market price per share / Canara Bank Earnings per share
Today’s traded volume of Canara Bank(CANBK) is 1.94Cr.
Today’s market capitalisation of Canara Bank(CANBK) is ₹93600.05Cr.
| Canara Bank(CANBK | Price |
|---|---|
52 Week High | ₹128.9 |
52 Week Low | ₹82.69 |
Canara Bank(CANBK) share price is ₹99.61. It is down -22.72% from its 52 Week High price of ₹128.9
Canara Bank(CANBK) share price is ₹99.61. It is up 20.46% from its 52 Week Low price of ₹82.69
| Canara Bank(CANBK | Returns |
|---|---|
1 Day Returns | -3.29% |
1 Month Returns | 8.93% |
3 Month Returns | -5.86% |
1 Year Returns | 19.11% |