Buy Canara Bank, target price Rs 550: Motilal Oswal
Canara Bank with a target price of Rs 550. The current market price of Canara Bank is Rs 458.35.
Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 81173.26 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-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 33891.21 Crore, up 5.06 % from last quarter Total Income of Rs 32259.41 Crore and up 23.88 % from last year same quarter Total Income of Rs 27358.37 Crore.
The bank reported net profit after tax of Rs 3860.03 Crore in latest quarter.
Promoter/FII Holdings Promoters held 62.93 per cent stake in the company as of 31-Dec-2023, while FIIs owned 11.21 per cent, DIIs 14.02 per cent.
