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Canara Bank shines on reporting 60% rise in Q3 net profit

04 Feb 2015 Evaluate

Canara Bank is currently trading at Rs. 454.55, up by 15.75 points or 3.59% from its previous closing of Rs. 438.80 on the BSE.

The scrip opened at Rs. 435.00 and has touched a high and low of Rs. 457.90 and Rs. 421.30 respectively. So far 922605 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. 478.40 and Rs. 435.05 respectively. The current market cap of the company is Rs. 21056.47 crore.

The promoters holding in the company stood at 69.00% while Institutions and Non-Institutions held 24.38% and 6.63% respectively.

Canara Bank has reported a rise of 60.25% in its net profit at Rs 655.97 crore for the quarter under review as compared to Rs 409.35 crore for the same quarter in the previous year. Total income of the bank has increased 11.82% at Rs 12227.86 crore for Q3FY15 as compared Rs 10935.29 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 3.35% in the October- December quarter as against 2.79% in the same quarter previous year, while net NPAs stood at 2.42%.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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