Canara Bank board to mull fund raising on 24 June

15 Jun 2022 , 02:21 PM

Shares of Canara Bank declined 0.29% to Rs 190.10, extending losses for the third trading session. It has fallen 8.63% in three trading sessions from its recent closing high of Rs 208.05 on 10 June 2022. In the past one year, the stock has jumped 23.04% while the benchmark Sensex declined 0.03% during the same period. On the daily chart, the stock was trading below its 50-day, 100-day and 200-day simple moving average (SMA) placed at 215.81, 223.78 and 209.52, respectively. These levels will act as crucial resistance zones in near term. Canara Bank is a public sector bank. As of 31 March 2022, the Government of India held 62.93% in the bank. The bank reported a 64.8% jump in standalone net profit to Rs 1,666.22 on 6.1% rise in total income to Rs 22,323.11 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News