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CANBK

104.45
-4.2 (-3.87%)
Updated 03:28 10/07 IST

CANBK Buy or Sell - FrontPage Forums

3 Users have submitted 3 trade ideas of Rs. 242,793.75 for CANBK
Disclaimer
67% Bullish
33% Bearish

CANBK Buy or Sell - Brokerage Reports

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
265
Consensus Potential
59.00%
See CANBK Share Price Targets >>

CANBK Ratings

Long term CANBK rating by FrontPage users
3/5 (1 Ratings)
Find answers to all your questions on live CANBK message board: Is CANBK buy or sell? Should I buy CANBK shares? Why are CANBK shares falling? Should I invest in CANBK stock?

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CANBK Share Price Discussion

N
Reputation: 3,973 • Yesterday 12:11 PM
Canara Bank plans to raise up to Rs 8,000 cr in FY21
Canara Bank said the board has approved raising equity share capital amounting up to Rs 5,000 crore through various means.
The Economic Times
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N
Reputation: 3,973 • Yesterday 11:43 AM
Canara Bank plans to raise up to Rs 8,000 crore in FY21
In an update on the outcome of the board meeting held on July 10 about 'Capital Raising Plan for 2020-21', Canara Bank said the board has approved raising equity share capital amounting up to Rs 5,000 crore through various means.
Moneycontrol
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Reply
N
Reputation: 3,973 • Yesterday 8:28 AM
Union Bank of India reduces MCLR by 20 bps across tenors
The revised one-year MCLR stands at 7.40 percent against 7.60 percent earlier, the bank said in a release.
Moneycontrol
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Reply
D
Reputation: -597 • Yesterday 5:18 AM

Type
Sell
Instrument
CANBK
Entry Price
₹103.8
Price@Trade
₹104.2
Target Price
₹101.3
Stop Price
₹106.25
Valid Till
Jul 13, 2020 3:20 AM
Margin
₹10,380 approx for 100 Qty
Status
Active
Like
Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 5:28 AM

Update
Trade Entered
Entry Price
₹103.8

Type
Buy
Instrument
CANBK JUL20 FUT
Entry Price
₹108
Price@Trade
₹108
Target Price
₹112
Stop Price
₹106
Valid Till
Jul 17, 2020 3:20 AM
Margin
₹222,145 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹106
Net P&L
-₹10,000 (-4.5%)
Like
Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 4:35 AM

Update
Stoploss Hit
Exit Price
₹106

Type
Buy
Instrument
CANBK JUL20 FUT
Entry Price
₹107.9
Price@Trade
₹107.9
Target Price
₹122
Stop Price
₹98
Valid Till
Jul 30, 2020 3:20 AM
Margin
₹222,223.75 approx for 5000 Qty
Status
Active
Like
Reply

Type
Sell
Instrument
CANBK
Entry Price
₹107.55  ₹105.5
Price@Trade
₹107.5
Target Price
₹103
Stop Price
₹110
Valid Till
Jul 10, 2020 3:20 AM
Margin
₹105,500 approx for 1000 Qty
Status
Exited
Exit Price
₹104.1
Net P&L
+₹1,400 (+1.33%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
Yesterday 4:35 AM

Update
Trade Entered
Entry Price
₹105.5
Vinod @vinod-HJYD3hV3I
Yesterday 6:08 AM

Update
Exited
Exit Price
₹104.1
Net P&L
+₹1,400 (+1.33%)
N
Reputation: 3,973 • Jul 9 6:11 AM
Three midcap private bank stocks Sanjiv Bhasin is bullish on
‘Bajaj Finance for us at this price would not be a recommendation
The Economic Times
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N
Reputation: 3,973 • Jul 9 5:06 AM
FinMin asks states to ensure safety of bankers, take stern action against unruly
The Department of Financial Services, in a letter to chief secretary of states, said that incidences of unruly behaviour of anti-social elements against the bankers needs to be responded with stern action taken against such elements, sources said.
The Economic Times
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Reply
V
Reputation: -649 • Jul 9 3:45 AM

Type
Buy
Instrument
CANBK
Entry Price
₹109
Price@Trade
₹108.95
Target Price
₹115
Stop Price
₹107
Valid Till
Jul 9, 2020 3:20 AM
Margin
₹109,000 approx for 1000 Qty
Status
Stoploss Hit
Exit Price
₹107
Net P&L
-₹2,000 (-1.83%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
Jul 9 3:46 AM

Update
Trade Entered
Entry Price
₹109
TrackerBot @trackerbot
Jul 9 6:15 AM

Update
Stoploss Hit
Exit Price
₹107
V
Reputation: -649 • Jul 8 6:53 AM

Type
Buy
Instrument
CANBK
Entry Price
₹112.55
Price@Trade
₹112.55
Target Price
₹114.95
Stop Price
₹111
Valid Till
Jul 8, 2020 3:20 AM
Margin
₹112,550 approx for 1000 Qty
Status
Stoploss Hit
Exit Price
₹111
Net P&L
-₹1,550 (-1.38%)
Like
Reply (1)
Latest replies
TrackerBot @trackerbot
Jul 8 8:14 AM

Update
Stoploss Hit
Exit Price
₹111

Type
Buy
Instrument
CANBK JUL20 105 CE
Entry Price
₹11.35
Price@Trade
₹11.35
Target Price
₹15.35
Stop Price
₹8.35
Valid Till
Jul 15, 2020 3:20 AM
Margin
₹56,750 approx for 5000 Qty
Status
Exited
Exit Price
₹12.25
Net P&L
+₹4,500 (+7.93%)
Like
Reply (1)
Latest replies
Mars Techno @marsTechno
Jul 8 6:20 AM

Update
Exited
Exit Price
₹12.25
Net P&L
+₹4,500 (+7.93%)
V
Reputation: -649 • Jul 8 4:14 AM

Type
Buy
Instrument
CANBK
Entry Price
₹111.9
Price@Trade
₹111.9
Target Price
₹115
Stop Price
₹109
Valid Till
Jul 8, 2020 3:20 AM
Margin
₹223,800 approx for 2000 Qty
Status
Exited
Exit Price
₹112.4
Net P&L
+₹1,000 (+0.45%)
Like
Reply (1)
Latest replies
Vinod @vinod-HJYD3hV3I
Jul 8 5:42 AM

Update
Exited
Exit Price
₹112.4
Net P&L
+₹1,000 (+0.45%)
N
Reputation: 3,973 • Jul 7 7:51 AM
Share market update: PSU bank shares dip; Bank of Baroda down 1%
The Nifty PSU Bank index was trading 0.54 per cent down at 1474.85.
The Economic Times
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Reply

SELL CANBK JUL @ 102.90-104
Like
Reply (1)
Latest replies

Canbk made new low @ 101.65
N
Reputation: 3,973 • Jul 6 11:33 AM
Canara Bank, Bank of Maharashtra cut MCLR
Pune-headquartered Bank of Maharashtra (BoM) has reduced one-year MCLR to 7.50 percent from 7.70 percent.
Moneycontrol
Like
Reply
N
Reputation: 3,973 • Jul 6 11:31 AM
Canara Bank, Bank of Maharashtra cut MCLR
Bengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. Pune-headquartered Bank of Maharashtra (BoM) has reduced one-year MCLR to 7.50 per cent from 7.70 per cent.
The Economic Times
Like
Reply
N
Reputation: 3,973 • Jul 6 7:46 AM
Share market update: PSU bank shares up; PNB gains 2%
The Nifty PSU Bank index was trading 1.31 per cent up at 1483.6.
The Economic Times
Like
Reply

Type
Buy
Instrument
CANBK
Entry Price
₹104.5
Price@Trade
₹104.6
Target Price
₹106
Stop Price
₹103.5
Valid Till
Jul 6, 2020 3:20 AM
Margin
₹20,900 approx for 200 Qty
Status
Validity Over
Exit Price
₹104.8
Net P&L
+₹60 (+0.29%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
Jul 6 3:57 AM

Update
Trade Entered
Entry Price
₹104.5
TrackerBot @trackerbot
Jul 6 8:50 AM

Update
Validity Over
Exit Price
₹104.8
Net P&L
+₹60 (+0.29%)
N
Reputation: 3,973 • Jul 5 8:21 AM
Finmin may review capital requirement of PSU banks after second quarter
The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time.
The Economic Times
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Reply
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  • CANBK - Share Price - Fundamentals

    keyboard_arrow_down
    Market Capitalization19,375.87
    Enterprise Value560,855.83
    Price to Earnings16.19
    Price to Book Value0.67
    Return on Capital Employed0.04
    Return on Equity-0.15
    Face Value10
    Dividend YieldNA
  • CANBK - Brokerage Reports

    keyboard_arrow_down
    DateBrokerageCallTarget
    26-Jul-19Reliance SecuritiesHold265
    13-May-19Kotak SecuritiesAdd315
    12-Dec-18Indiabulls VenturesBuy305
    27-Jul-18SPA SecuritiesBuy330
    26-Jul-18Kotak SecuritiesAdd300
    CANBK Brokerage Price Target
  • CANBK Share Price - Historical (₹)

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 10107.5108.4103.5104.6
    Jul 8104.8113.5104.5109
    Jul 7105105.2101.8104.5
    Jul 6104.1105.65103.4104.9
    Jul 3105.35105.4102.3103
  • CANBK Share Price - Daily Moving Averages (DMA)

    keyboard_arrow_down
    20 Day Moving Average₹105.12
    30 Day Moving Average₹102.54
    50 Day Moving Average₹94.1
    100 Day Moving Average₹106.12
    200 Day Moving Average₹156.56
  • CANBK - Profit And Loss

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Revenue41,25241,387.64-0
    Operating Profit16,03125,930.92-0.38
    Profit Before Tax-6,5601,641.92-5
    Net Income-4,2221,121.92-4.76
  • CANBK - Balance Sheet

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Shareholder's Funds29,07928,312.390.03
    Total Liabilities590,918559,289.810.06
    Total Assets619,999587,602.20.06
  • CANBK - Cash Flow

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Cash from Operating Activity-11,5032,316.15-5.97
    Cash from Investing Activity-274-348.46-0.21
    Cash from Financing Activity2,864124.1122.08
    Net Cash Flow-8,9132,091.8-5.26
  • CANBK - Ratios

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17
    Return on Assets-0.01NA
    Return on Equity-0.150.04
    Return on Capital Employed0.040.06
  • CANBK - 3 year Growth

    keyboard_arrow_down
    3 Year CAGR Growth in Revenue-0.06
    3 Year CAGR Growth in Operating Profit-0.52
    3 Year CAGR Growth in EBIDTA-0.4
    3 Year CAGR Growth in Net Income-2.56
    3 Yr CAGR Growth - Diluted EPS-2.01
  • CANBK - 5 year Growth

    keyboard_arrow_down
    5 Year CAGR Growth in Revenue0.21
    5 Year CAGR Growth in Operating Profit-0.4
    5 Year CAGR Growth in EBIDTA-0.24
    5 Year CAGR Growth in Net Income-2.47
    3 Yr CAGR Growth - Diluted EPS-1.89
  • CANBK - Recent News

    keyboard_arrow_down
    NewsBot
    Yesterday 12:11 PM
    Canara Bank plans to raise up to Rs 8,000 cr in FY21
    The Economic Times
    NewsBot
    Yesterday 8:28 AM
    Union Bank of India reduces MCLR by 20 bps across tenors
    Moneycontrol
    NewsBot
    Jul 9 5:06 AM
    FinMin asks states to ensure safety of bankers, take stern action against unruly
    The Economic Times
    NewsBot
    Jul 7 7:51 AM
    Share market update: PSU bank shares dip; Bank of Baroda down 1%
    The Economic Times
    NewsBot
    Jul 6 11:33 AM
    Canara Bank, Bank of Maharashtra cut MCLR
    Moneycontrol
    NewsBot
    Jul 6 11:31 AM
    Canara Bank, Bank of Maharashtra cut MCLR
    The Economic Times
    NewsBot
    Jul 6 7:46 AM
    Share market update: PSU bank shares up; PNB gains 2%
    The Economic Times
    NewsBot
    Jul 5 8:21 AM
    Finmin may review capital requirement of PSU banks after second quarter
    The Economic Times
    NewsBot
    Jul 3 7:51 AM
    Share market update: PSU bank shares fall; IOB slips 3%
    The Economic Times
    NewsBot
    Jul 2 3:56 AM
    Canara Bank 'cheated' of Rs 174,89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar
    The Economic Times
  • CANBK - Related Communities

    keyboard_arrow_down
    State Bank of India NSE: SBIN | BSE: ...
    Yes Bank Ltd. NSE: YESBANK | BSE: 532...
    HDFC Bank Ltd. NSE: HDFCBANK | BSE: 5...
    ICICI Bank Ltd. NSE: ICICIBANK | BSE:...
    Axis Bank Ltd. NSE: AXISBANK | BSE: 5...
    Kotak Mahindra Bank Ltd. NSE: KOTAKBA...
    IndusInd Bank Ltd. NSE: INDUSINDBK | ...
    RBL Bank Ltd. NSE: RBLBANK | BSE: 540...
    Punjab National Bank NSE: PNB | BSE: ...
  • CANBK - More Information

    keyboard_arrow_down

    Canara Bank:
    Canara Bank offers banking services along with products across the nation and in foreign countries. It offers several personal services for individuals like savings accounts, recurring deposits, current accounts, unclaimed deposits, and fixed deposits. Apart from this, the company also has multiple services for senior citizens besides its reinvestment plans and other loan services and products.
    Canara Bank offers loans for the site, housing, vehicle, gold, consumer and mortgage, among others. The bank also offers consultancy services, health insurance, investment counselling, tax assistance, pt, and non-profit trustee services, attorneyship, mutual funds, foreign banking services, safety deposit lockers, and card services.
    Besides individual and personal banking services, the bank also offers corporate banking services and related products which includes recurring deposits, accounts, current, fixed, finance management for supply chain, loans along with advances for term loans, infrastructure, export, working capital finance; IPO monitoring, investment services, merchant banking, escrow bankers among others. Based in Bengaluru in India, Canara Bank was incorporated back in 1906.
    About Company Information:
    In 1910, this finance institution changed its name from the former Canara Hindu Permanent Fund Limited to the current one, Canara Bank Limited. In 1969, 16th July Canara Bank was nationalized, and it became one of the banks out of 14 chief banks in the country to be nationalized that year. In 1976 Canara Bank opened up their 1000th branch. A foreign branch was inaugurated in London in 1983. The following year, in 1984, the bank went through a merger with Lakshmi Commercial Bank Limited.
    A new company was commissioned by the bank in 1985 by the name of Indo Hong Kong International Finance Limited. Within the next two years in 1987, Canara Bank launched Canbank venture Capital Fund and Canbank Mutual Fund along with another one by the name of Can Fin Homes. During 1992-1993 they adopted the directive principles of Good Banking; this move made them the first bank in the country to do it. Canara Bank was the first one to receive the ISO 9002 certification during 1995-1996, for its Bangalore branch. During 2001-2002, a Mahila Bank branch was opened up by the bank to exclusively serving women consumers with financial services and products.
    The bank's third foreign branch was custom-built in Shanghai during 2008-2009. During 2009-2010, the total number of the branches of the bank came up to 3046 after they went ahead and added 314 new ones that year. The bank further expanded via Remit Money, an online product which helps then extend services to 17 exchange companies or banks along with four foreign branches. During 2010-2011, 210 branches were added in the country which summed up the total number of branches to be 3, 257, which included the foreign branches in Shanghai, London, Hong Kong, and Leicester. Canara Bank received 100% coverage through Core banking Solution.
    In 2010-2011, the bank raised Rs 1993 crore. After the implementation of QIP, the GOI's shareholding in the company reduced to 67.72%. During the 2011-2012 period, the bank branches totalled to 3, 600. During the same period, CANARA Bank set up its 5th overseas branch in Bahrain, at Manama. Between 2013-2014 new ATMs numbering to 2, 786 along with 1027 new branches were set up by the bank. From 2014 through 2015 the bank's global trade came up to be more than Rs 8 lakh crore. During 2015-2016 the bank's 8th overseas branch was set up in Dubai. The number of branches of the bank crossed its 6000 milestones between 2016 and 2017. The bank got itself a new overseas subsidiary in Tanzania. Canara Bank in 2017-2018, according to its global trading amount crossed Rs 9 lakh crore.
    The bank currently offers banking services and products for NRIs, including various segments like an investment, trading services, vehicle loans, home and home improvement loans, remittance, mortgage, site loans, and advances. As on 31st March 2019, Canara Bank operates through 6 foreign branches, 6316 branches, and 287 speciality units. Canara Bank also operates 8, 851 ATMs.
    How Canara Bank, is categorised as Banks Sector, and Finance Industry :
    The Financial Industry is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
    The main sectors that are into the Financial industry are,
    • Accounting and Bookkeeping.
    • Financial Markets and Planning.
    • Banking and General Financial Services.
    • Mortgage and Financial Broking.
    • Insurance and Superannuation.
    • Specialised Financial Services.
    Canara Bank comes under the Banking sector. The banks sector is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking sector in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
    Canara bank, Competitors and Sector Peers:
    Allahabad Bank - ALLABA
    Andhra Bank - ANDBAN
    Bank of Baroda - BANOFB
    Bank of India - BANOFI
    Bank of Maharashtra - BANK5
    Central Bank of India - CENTRB
    Corporation Bank - CORBAN
    IDBI Bank Ltd. - INDDEV
    Indian Bank - INDIBA
    Indian Overseas Bank - INDOVE
    Oriental Bank of Commerce - ORIBAN
    Punjab & Sind Bank - PUNSI
    Punjab National Bank - PUNNAT
    State Bank Of Bikaner and Jaipur [Merged] - STABAN
    State Bank Of Mysore - STATE3
    State Bank of India - SBIN
    State Bank of Travancore [Merged] - STATE6
    Syndicate Bank - SYNBAN
    UCO Bank - UCOBAN
    Union Bank of India - UNIBAN
    United Bank of India - UNITBA
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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