CANARA BANK Plunges by 5%; BSE BANKEX Index Down 2.7%

May 18, 2020 09:41 AM

CANARA BANK share price has plunged 5% and is presently trading at Rs 85.

Meanwhile, the BSE BANKEX Index is at 21,593 (down 2.7%).

Among the top losers in the BSE BANKEX Index today is CANARA BANK (down 5.3%).

Over the last one year, CANARA BANK has moved down from Rs 242 to Rs 85, registering a loss of Rs 157 (down 64.8%)..

The BSE BANKEX has moved down from 31,952 to 21,593, loss of 10,359 points (down 32.4%) 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 31,248 (down 1.2%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 1.6%). The most traded stocks in the BSE Sensex are INFOSYS and SUN PHARMA.

In the meantime, NSE Nifty is at 9,158 (down 1.5%). CIPLA (up 2.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,115 to 31,248, registering a loss of 5,867 points (down 17.26%).

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 12.7x.