Canara Bank sees good buying

Canara Bank is quoting at Rs 223.5, up 1.06% on the day as on 12:44 IST on the NSE. The stock is down 15.05% in last one year as compared to a 13.46% gain in NIFTY and a 12.81% gain in the Nifty PSU Bank.

Nov 20, 2019 07:11 IST capital market

Canara Bank is up for a fifth straight session in a row. The stock is quoting at Rs 223.5, up 1.06% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 12027.25. The Sensex is at 40761.58, up 0.72%. Canara Bank has added around 17.82% in last one month.

Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has added around 14.3% in last one month and is currently quoting at 2589.25, down 0.19% on the day. The volume in the stock stood at 108.27 lakh shares today, compared to the daily average of 89.11 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 224.2, up 1.13% on the day. Canara Bank is down 15.05% in last one year as compared to a 13.46% gain in NIFTY and a 12.81% gain in the Nifty PSU Bank index.

The PE of the stock is 36.19 based on TTM earnings ending September 19.

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