Connect with us

Business

Canara Bank Shares Experience a Decline in Stock Price

Published

on

Canara Bank‘s stock closed the previous trading session with a decline, settling at ₹576.85. The shares opened at ₹580 and saw a high of ₹594 and a low of ₹576. The trading volume on the BSE for Canara Bank was 342,060 shares.

As per filings in the March quarter, Canara Bank has a 7.40% Mutual Fund holding and a 10.55% Foreign Institutional Investor (FII) holding. Both the MF and FII holdings have decreased slightly from the previous quarter.

The return on equity (ROE) for Canara Bank in the most recent fiscal year stands at 15.21%, while the return on investment (ROI) value is -99999.99%. Consensus estimates for ROE in the current and upcoming fiscal year remain at 0.00%.

Over the past three years, Canara Bank has seen a significant decrease in earnings per share (EPS), but a moderate increase in revenue. However, revenue in the trailing twelve months has shown growth compared to the last fiscal year, with predicted growth in both revenue and profit for the upcoming quarter.

Analyst recommendations currently rate Canara Bank stock as a Buy, indicating positive sentiment in the market for the company’s shares.

Rachel Adams

Times News Global es un portal dinámico de noticias en línea dedicado a brindar cobertura de noticias integral y actualizada en varios dominios, incluidos política, negocios, entretenimiento, deportes, seguridad, artículos, opiniones, medio ambiente, educación, tecnología y global. asuntos. Nuestro compromiso radica en compartir noticias que se basan en la exactitud de los hechos, la credibilidad, la verificabilidad, la autoridad y la profundidad de la investigación. Nos enorgullecemos de ser una organización de medios distintiva, guiada por los principios consagrados en el Artículo 19 de la Declaración Universal de Derechos Humanos. Al estar formados por un equipo de personas comunes y corrientes impulsados por una dedicación inquebrantable a descubrir la verdad, publicamos noticias sin prejuicios ni intimidación.