Canara Bank in demand

Canara Bank is quoting at Rs 210.1, up 2.39% on the day as on 12:49 IST on the NSE. The stock is down 19.53% in last one year as compared to a 10.47% gain in NIFTY and a 16.16% gain in the Nifty PSU Bank index.

Nov 18, 2019 07:11 IST capital market

Canara Bank rose for a third straight session today. The stock is quoting at Rs 210.1, up 2.39% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 11890.75. The Sensex is at 40332.62, down 0.06%. Canara Bank has added around 10.75% in last one month.

Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has added around 10.5% in last one month and is currently quoting at 2457.35, up 1.67% on the day. The volume in the stock stood at 62.38 lakh shares today, compared to the daily average of 84.59 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 210.65, up 2.23% on the day. Canara Bank is down 19.53% in last one year as compared to a 10.47% gain in NIFTY and a 16.16% gain in the Nifty PSU Bank index.

The PE of the stock is 33.58 based on TTM earnings ending September 19.

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