Canara Bank gains for third straight session

Canara Bank is quoting at Rs 224.45, up 3.03% on the day as on 12:49 IST on the NSE. The stock is down 15.76% in last one year as compared to a 11.63% jump in NIFTY and a 14.61% jump in the Nifty PSU Bank index.

Dec 13, 2019 07:12 IST capital market

Canara Bank gained for a third straight session today. The stock is quoting at Rs 224.45, up 3.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 12061.85. The Sensex is at 40961.46, up 0.94%. Canara Bank has gained around 12.17% in last one month.

Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has gained around 6.93% in last one month and is currently quoting at 2471.2, up 2.96% on the day. The volume in the stock stood at 48.66 lakh shares today, compared to the daily average of 92.39 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 226.1, up 3.34% on the day. Canara Bank is down 15.76% in last one year as compared to a 11.63% jump in NIFTY and a 14.61% jump in the Nifty PSU Bank index.

The PE of the stock is 48.87 based on TTM earnings ending September 19.

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