CANARA BANK Plunges by 5%; BSE BANKEX Index Down 3.4%
April 3, 2020 10:47 AM

CANARA BANK share price has plunged 5% and is presently trading at Rs 90.

Meanwhile, the BSE BANKEX Index is at 21,004 (down 3.4%).

Among the top losers in the BSE BANKEX Index today are CANARA BANK (down 5.2%) and KOTAK MAHINDRA BANK (down 5.4%).

YES BANK (up 1.5%) is among the top gainer today.

Over the last one year, CANARA BANK has moved down from Rs 294 to Rs 90, registering a loss of Rs 204 (down 69.3%)..

The BSE BANKEX has moved down from 34,058 to 21,004, loss of 13,054 points (down 38.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 28,639 (down 1.4%). The top gainers among the BSE Sensex stocks today are M&M (up 5.8%). The most traded stocks in the BSE Sensex are ONGC and ITC.

In the meantime, NSE Nifty is at 8,357 (down 1.6%). CIPLA (up 6.4%) and M&M (up 5.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,872 to 28,639, registering a loss of 10,233 points (down 28.29%).

CANARA BANK Financial Update...

CANARA BANK net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 0.9% to Rs 122.9 billion during the period as against Rs 121.9 billion in October-December 2018.

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 13.7x.