NIFTY 23907.25 BANK 51135.40

Canara Bank
Share Price Target & Analysis

NSE:CANBK

96.8

VWAP

95.09

Open

94.46

Close

97.78

High

94.95

Low

128.9

52 Week High

97.01 ⇧
2.55 (2.7%)

CANBK

(FINANCIAL SERVICES)
37.6% Momentum

Turnaround Potential

77.8

52 Week Low

16.9

EPS

10.61

PE

1.01

PB

Deluxe
Quality

Iron
Valuation

#Analysis

NSE: CANBK Share Price Financial Analysis & Valuation

Canara Bank (CANBK) is broadly categorized in FINANCIAL SERVICES segment industry which deals in Banks - Public Sector vertical. It is one of Large Cap company with Market Capitalization of Rs 43685.8 (in Cr). Total number of free float shares are 73.3 (in Lacs). Canara Bank is listed on NSE with Exchange ID - INE476A01022 and trading code is NSE:CANBK with short name Canara Bank.

Canara Bank is a government-owned enterprise which is categorized as Public Sector Undertaking (PSU) or a Public Sector Enterprise.

Canara Bank is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Canara Bank has declared an equity dividend of Rs 3.22 per share. At the current share price of CANBK at Rs 97.01, this results in a dividend yield of 3.32 %.

As per the Fundamental Analysis of NSE:CANBK, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine CANBK underlying value and future prospects. All of this data is available in CANBK financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:CANBK, it is clearly understood that CANBK is Deluxe performer in terms of earnings and profit margins with an EPS of 16.9. NSE:CANBK book value per share as of today is 95.86. The current price to book ratio for CANBK as of Nov 23, 2024 is 1.01.

Valuation of the Stock: The current valuation of CANBK stock is like Iron which means currently the stock is Inexpensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of CANBK whether to BUY this stock at current valuation. The delivery percentage of CANBK is 30.59% is very crucial parameter which shows that 30.59% investors are anticipating that the price of CANBK share should go up with VWAP at 96.8.

Now, the main question is whether to BUY or SELL, NSE:CANBK at current valuation.
As per latest Analysis No. #2667:-

⇑ STRONG BUY CANBK if All Greens

⇗ BUY CANBK (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD CANBK (With Stop Loss) if only 1 Green

⇘ SELL CANBK if NO Green Indicator

NSE: CANBK Share Price Today (Nov 23, 2024)

(Canara Bank Daily Analysis on the basis of CANBK Intraday Graph & Trend)

Canara Bank share price moved Up by 2.7% from its previous close of Rs 94.46. CANBK stock last traded price is 97.01. CANBK share price trend is Up with a total of 26710500 stocks traded till now. It has touched an intraday high of Rs 97.78 and an intraday low of Rs 94.95. The CANBK trading at 97.01, Up by Rs. 2.55, or 2.7 percent which suggests that most of the Traders are anticipating that the price of CANBK share should go Up.

NSE: CANBK Share Price Tomorrow Prediction

(Canara Bank Share Price Prediction for Tomorrow & future forecast is based on Current Trend of CANBK)

Canara Bank share price moved Up by 2.7%. CANBK share price short term trend is Up. It suggests that CANBK Share Price for Tomorrow remains the same with VWAP at 96.8 will be treated as stop loss for intraday traders. Canara Bank Long term investors can follow the CANBK long term trend as mentiond in future forecast table.

NSE Code

NSE: CANBK

CANBK Share Price Today

 97.01

CANBK Share Price Target Prediction for 2024 ^

 81.6 - 117.8

CANBK Share Price Target Prediction for 2025*^

 117.8 - 154.8

CANBK Share Price Target Prediction for 2026*^

 154.8 - 166.4

CANBK Share Price Target Prediction for 2027*^

 175

CANBK Share Price Target Prediction for 2028*^

 181

CANBK Share Price Target Prediction for 2030*^

 198
CANBK Current Book Value 2023
95.4

*Canara Bank Short Term & Long Term share price target is based on current financial year earings of the company.
^CANBK share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

CANBK Technical Analysis

Candlestick Pattern: @97.49

CANBK Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 100.98 SELL 100.18 SELL
MA_12 102.66 SELL 101.64 SELL
MA_20 101.48 SELL 102.17 SELL
MA_32 103.44 SELL 103.22 SELL
MA_50 104.26 SELL 104.42 SELL
MA_100 107.44 SELL 106.55 SELL
MA_200 112.08 SELL 105.01 SELL

CANBK Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 101.48 Downtrend
MACD -0.25 SELL
ADX 30.85 Strong Trend
DMI (+/-) 13.37 / 34.57 Downtrend

CANBK Momentum Oscillators

BUY (0) NEUTRAL (5) SELL (7)
Momentum Oscillators Value Action
RSI 38.11 Neutral
STOCHASTIC_K (Fast) 0.6 Oversold
STOCHASTIC_D (Slow) 8.03 Oversold
CCI -167.84 SELL
PSAR 106.31 SELL
TRUE RANGE 3.24 Neutral
ATR 3.23 Neutral
WILLIAMS R -76.66 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -6.88 SELL

CANBK Last 1 Year Trend

Duration Value
1 Year 25.53%
3 Months -8.62%
1 Month -6.59%
1 Week -7.21%

CANBK Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 17%
SELL 80%

Most popular Questions & Answers about CANBK


Canara Bank stock last traded price is 97.01. CANBK share price moved Up by 2.7% from its previous close of Rs 94.46.

Canara Bank share price trend is Up with a total of 26710500 stocks traded till now. It has touched an intraday high of Rs 145.3695 and an intraday low of Rs 94.95. The CANBK trading at 97.01, Up by Rs. 2.55, or 2.7 percent which suggests that most of the Traders are anticipating that the price of CANBK share should go Up and the Stop Loss will be around 96.8.

The market cap of Canara Bank is ₹43685.8 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Canara Bank as of Nov 22, 2024 is 10.61.

The current price to book ratio for Canara Bank as of Nov 22, 2024 is 1.01.

The highest price of Canara Bank stock is ₹128.9 in the last 52-week.

The lowest price of Canara Bank stock is ₹77.8 in the last 52-week.

Canara Bank share trading at ₹97.01, Up by Rs. 2.55, or 2.7 percent which suggests that most of the traders are anticipating that the price of CANBK share should go Up.

In 2023, Stock price target for Canara Bank (CANBK) are ₹81.6 on downside and ₹117.8 on upside. Canara Bank share price target is based on current financial year earings of the company.

In 2024, Stock price target for Canara Bank (CANBK) are ₹117.8 on downside and ₹154.8 on upside. Canara Bank share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Canara Bank (CANBK) are ₹154.8 on downside and ₹166.4 on upside. Canara Bank share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Canara Bank (CANBK) will be around ₹181 Canara Bank share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of CANBK.

The price of Canara Bank (CANBK) shares moved by 2.7%. The short-term trend for CANBK share price is Up. It implies that the share price of CANBK will stay the same tomorrow and that intraday traders should treat VWAP at 96.8 as a stop loss. Investors with a long-term outlook can track CANBK long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of CANBK stock is 202.6. Compared to the current market price of 97.01 INR, the CANBK stock is Undervalued by 52.1%.

As per the fundamental analysis of Canara Bank (CANBK), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 16.9. Canara Bank book value per share as of today is 95.86. The current price to book ratio for CANBK as of Nov 23, 2024 is 1.01.


NSE:CANBK News & Other Useful Information about CANBK Share Price


Peer Comparison of NSE: CANBK

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Banks - Public Sector

Company Price EPS BV
SBIN 814.55 73.09 391.83
BANKBARODA 235.90 37.05 217.01
PNB 99.99 11.13 85.5
CANBK 97.01 16.9 95.86
IOB 50.25 1.56 13.34
UNIONBANK 115.04 20.04 127.03
BANKINDIA 103.06 16.21 136.32
CENTRALBK 52.32 3.82 32.33
INDIANB 531.60 70.35 389.12
UCOBANK 41.87 1.83 20.37
Updated at: 22 Nov 2024 15:31

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