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1 Comment
Canara Bank is currently in a long term uptrend where the price is trading 13.6% above its 200 day moving average.
From a valuation standpoint, the stock is 98.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.5.
Canara Bank's total revenue rose by 98.6% to $134B since the same quarter in the previous year.
Its net income has increased by 88.5% to $7B since the same quarter in the previous year.
Finally, its free cash flow fell by 0.0% to $-134B since the same quarter in the previous year.
Based on the above factors, Canara Bank gets an overall score of 4/5.
Exchange | NSE |
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CurrencyCode | INR |
Sector | Financial Services |
Industry | Banks - Regional |
ISIN | INE476A01014 |
Target Price | 113.0882 |
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Dividend Yield | 3.5% |
Market Cap | 1T |
PE Ratio | 5.98 |
Beta | 0.61 |
Canara Bank provides various banking products and services in India and internationally. It offers deposits and accounts, such as savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposits; loan products, including home, vehicle, education, personal, mortgage, gold, MSME, agri, and solar loans; life, general, and health insurance products; corporate loans comprising working capital, infrastructure, and export finance products, as well as term loans; depository services, merchant banking, and online trading services; and mutual funds. The company also provides digital lending portal; mobile and internet banking; credit, debit, and prepaid cards; UPI and fastag; missed call banking; online account opening services; and payment solutions; NRI banking accounts; remittance facilities; attorneyship service; and nomination facility. In addition, it offers supply chain finance management; syndication services; IPO monitoring services; locker services; doorstep banking services; and consultancy services, which includes estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney services. Canara Bank was incorporated in 1906 and is headquartered in Bengaluru, India.
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