Agencies has buy call on Canara Bank with a target price of Rs 340. The current market price of is Rs 323.5. Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 58913.88 Crore).
Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 27358.37 Crore, up 15.25 % from last quarter Total Income of Rs 23739.27 Crore and up 14.59 % from last year same quarter Total Income of Rs 23876.00 Crore. The bank reported net profit after tax of Rs 2705.55 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 62.93 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.97 per cent, DIIs 15.06 per cent.
Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 27358.37 Crore, up 15.25 % from last quarter Total Income of Rs 23739.27 Crore and up 14.59 % from last year same quarter Total Income of Rs 23876.00 Crore. The bank reported net profit after tax of Rs 2705.55 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 62.93 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.97 per cent, DIIs 15.06 per cent.
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