CANARA BANK Share Price Up by 5%; BSE BANKEX Index Down 1.1%

Wed, 31 Mar 12:46 PM

CANARA BANK share price has zoomed 5% and is presently trading at Rs 154.

Meanwhile, the BSE BANKEX Index is at 38,041 (down 1.1%).

Among the top Gainers in the BSE BANKEX Index today is CANARA BANK (up 5.0%).

INDUSIND BANK (down 0.4%) and ICICI BANK (down 1.3%) are among the top losers today.

Over the last one year, CANARA BANK has moved up from Rs 87 to Rs 154, registering a gain of Rs 67 (up 76.6%).

On the other hand, the BSE BANKEX has moved up from 22,747 to 38,041, registering a gain of 15,294 points (up 65.6%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were INDUSIND BANK (up 119.5%), AXIS BANK (up 103.7%) and SBI (up 90.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,050 (down 0.9%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 1.8%), SBI (up 1.8%) and ITC (up 1.6%). Other gainers include BAJAJ FINSERV (up 1.1%) and MARUTI SUZUKI (up 1.0%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 14,814 (down 0.7%). The top gainers in the NSE Nifty include GAIL (up 3.4%), TATA MOTORS (up 2.7%) and UPL (up 2.0%). Other gainers include TATA STEEL (up 1.6%) and ITC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 29,947 to 50,050, registering a gain of 20,103 points (up 65.94%).

CANARA BANK Financial Update...

CANARA BANK net profit stood at Rs 4 billion for the quarter ended June 2020, compared to a profit of Rs 3 billion a year ago. Operating income rose 46.7% to Rs 180.4 billion during the period as against Rs 122.9 billion in April-June 2019.

For the year ended March 2019, CANARA BANK reported 112.6% decrease in net profit to Rs 5.1 billion compared to net profit of Rs 40.3 billion during FY18.

Revenue of the company grew 13.4% to Rs 469 billion during FY19.

The current Price to earnings ratio of CANARA BANK, based on rolling 12 month earnings, stands at down 5.4x.

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