CANARA BANK Share Price Down by 5%; BSE BANKEX Index Down 1.4%
January 15, 2021 02:27 PM

CANARA BANK share price has plunged 5% and is presently trading at Rs 145.

Meanwhile, the BSE BANKEX Index is at 36,940 (down 1.4%).

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 216 to Rs 145, registering a loss of Rs 71 (down 33.0%)..

The BSE BANKEX has moved up from 36,681 to 36,940, registering a gain of 259 points (up 0.7%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were HDFC BANK (up 12.9%), KOTAK MAHINDRA BANK (up 9.9%) and ICICI BANK (up 0.8%).

What About the Benchmark Indices?

The BSE Sensex is at 49,657 (down 1.5%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 2.4%), BAJAJ AUTO (up 0.2%) and ITC (up 0.1%). The most traded stocks in the BSE Sensex are ITC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 14,617 (down 1.2%). TATA MOTORS (up 4.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,860 to 49,657, registering a gain of 7,797 points (up 16.73%).

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 4.7x.