Canara Bank counterbids: The existing promoters of the company have made a settlement offer of Rs 260 crore, which is now the anchor bid/base bid for the Swiss challenge auction that the bank intends to conduct on Aug 23

Indira Container Terminal case: Canara Bank takes Swiss auction route

On the technical charts, the RSI of the stock stood at 30.46.

Canara Bank shares drop 4.93% as Sensex falls

On the technical charts, the RSI of the stock stood at 39.54.

Canara Bank shares drop 1.5% as Sensex falls

Bank of Baroda shares are up 8.88 per cent in 2024 so far. Canara Bank rallied 29 per cent, Punjab National Bank (PNB) 26 per cent, State Bank of India (SBI) 16 per cent and Bank of India 11 per cent year-to-date.

Bank of Baroda: Should you buy this underperforming PSU bank stock post Q1 results?

Apart from SBI and Canara Bank, lenders to the company include Union Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank and Bank of Maharashtra.

Vedanta gets clearance from 75% secured lenders for demerger

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results

Exclusive Interview: Canara Bank's ED Debashish Mukherjee on NIM, LCR, and RBI Regulations

RBI's Draft Circular Impact: Canara Bank's ED Debashish Mukherjee Shares Insights

CEO says bank has cushion to manage RBI’s tighter liquidity coverage norms

Canara Bank plans to open 250 branches to boost Casa deposits: MD & CEO

Canara Bank: The loan growth was led by the retail segment, while deposit growth was modest, with the CASA ratio seeing sequential moderation, MOFSL said.

Canara Bank shares: Should you buy this PSU bank stock post Q1 results?

Canara Bank Earnings: Healthy Q1 Recorded, Range-Bound NIMs To Improve In Coming Quarters?

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Canara Bank Ltd. is a banking company. The Bank's segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations.

Canara Bank Ltd