Canara Bank is currently trading at Rs 351.80, up by 2.85 points or 0.82% from its previous closing of Rs 348.95 on the BSE.
The scrip opened at Rs. 347.95 and has touched a high and low of Rs 353.65 and Rs 344.10 respectively. So far 34983 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 498.00 on 09-Jun-2014 and a 52 week low of Rs 209.00 on 14-Feb-2014.
Last one week high and low of the scrip stood at Rs 358.95 and Rs 346.50 respectively. The current market cap of the company is Rs 16247.84 crore.
The promoters holding in the company stood at 69.00% while Institutions and Non-Institutions held 23.53% and 7.48% respectively.
Canara Bank has received an approval to raise additional Tier-I instruments amounting to Rs 1,500 crore through issue of Basel III complaint additional Tier-I Perpetual Bonds by way of Private Placement, to support the asset growth during 2014-15 and maintain comfortable level of CRAR. The board of directors of the bank at their meeting held on September 30, 2014 have approved for the same.
Further, the board has permitted to constitute a Bond Committee to determine the structure of the issue size, tenor, coupon, timing of the issue and to decide on the other connected matters. The bank is accordingly taking the necessary steps in this regard.
The bank’s net profit for first quarter ended June 30, 2014 rose by 1.86% at Rs 806.86 crore as compared to Rs 792.07 crore for the quarter ended June 30, 2013. Its total income increased by 11.61% to Rs 11728.01 crore for the quarter under review from Rs 10507.88 crore for the corresponding quarter of the previous year.
