Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

‘Canara Bank will launch a super app in a month’s time’: CEO L V Prabhakar

Canara Bank will launch ‘super app’ in a month’s time: CEO L V Prabhakar

State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year,

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

Our target is to bring down gross non-performing assets ratio 6 per cent from 8.51 per cent seen at the end of March. Net NPA projection is 2 per cent from 2.65 per cent, Prabhakar said.

Canara Bank targets Rs 20 lakh crore business by March 2023: MD & CEO L V Prabhakar

LKP Research is bullish on Canara Bank has recommended buy rating on the stock with a target price of Rs 260 in its research report dated May 11, 2022.

Buy Canara Bank; target of Rs 260: LKP Research

Emkay Global Financial is bullish on Canara Bank has recommended buy rating on the stock with a target price of Rs 282 in its research report dated May 08, 2022.

Buy Canara Bank; target of Rs 282: Emkay Global Financial

Canara Bank FD Rate: Canara Bank Hikes FD Interest Rates for These Deposits; Know More; Canara Bank has hiked its FD interest rates ranging from 10 to 25 basis points, or 0.10 to 0.25 per cent, effective from May 12

Canara Bank FD Rate: Canara Bank Hikes FD Interest Rates for These Deposits; Know More

Canara Bank is planning to come up with its super-app next month which is yet to be named.

Canara Bank to invest Rs 1,000 cr for building digital banking backbone

Canara Bank has increased fixed deposit interest rates for balances less than Rs 2 crore. According to the bank’s website, the enhanced interest rates on Canara Bank’s FDs will take effect on May 12, 2022.

Canara Bank hikes FD interest rates: Check latest rates

The bank will unveil its super app next month

Canara Bank to invest Rs 1,000 crore to build digital banking backbone

FEL owes lenders and bondholders a total of ₹6,778 crore. Out of the ₹1,266 crore, State Bank of India (SBI) received the largest amount of ₹290 crore followed by Canara Bank (₹220 crore) and Central Bank (₹130 crore).

Future’s stake sale in its insurance arm helps banks recover ₹1,266 cr

Given inexpensive valuation, the brokerage has recommended Buy on Canara Bank shares

Rakesh Jhunjhunwala portfolio: Brokerage sees 30% upside on this banking stock

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

Canara Bank Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Canara Bank will launch ‘super app’ in a month’s time: CEO L V Prabhakar

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

Canara Bank targets Rs 20 lakh crore business by March 2023: MD & CEO L V Prabhakar

Buy Canara Bank; target of Rs 260: LKP Research

Buy Canara Bank; target of Rs 282: Emkay Global Financial

Canara Bank FD Rate: Canara Bank Hikes FD Interest Rates for These Deposits; Know More

Canara Bank to invest Rs 1,000 cr for building digital banking backbone

Canara Bank hikes FD interest rates: Check latest rates

Canara Bank to invest Rs 1,000 crore to build digital banking backbone

Future’s stake sale in its insurance arm helps banks recover ₹1,266 cr

Canara Bank Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Canara Bank will launch ‘super app’ in a month’s time: CEO L V Prabhakar

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

Canara Bank targets Rs 20 lakh crore business by March 2023: MD & CEO L V Prabhakar

Buy Canara Bank; target of Rs 260: LKP Research

Buy Canara Bank; target of Rs 282: Emkay Global Financial

Canara Bank FD Rate: Canara Bank Hikes FD Interest Rates for These Deposits; Know More

Canara Bank to invest Rs 1,000 cr for building digital banking backbone

Canara Bank hikes FD interest rates: Check latest rates

Canara Bank to invest Rs 1,000 crore to build digital banking backbone

Future’s stake sale in its insurance arm helps banks recover ₹1,266 cr

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock