Canara Bank is currently trading at Rs. 258.75, up by 1.00 points or 0.39% from its previous closing of Rs. 257.75 on the BSE.
The scrip opened at Rs. 256.00 and has touched a high and low of Rs. 263.25 and Rs. 256.00 respectively. So far 308466 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.85 on 18-Aug-2015 and a 52 week low of Rs. 156.20 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 266.40 and Rs. 237.75 respectively. The current market cap of the company is Rs. 14058.04 crore.
The promoters holding in the company stood at 66.30%, while Institutions and Non-Institutions held 25.78% and 7.92% respectively.
Canara Bank has received shareholders’ approval to raise capital by up to Rs 2,000 crore by further issue of equity/preference shares or other securities either by way of follow-on public issue, rights issue, private placement, Qualified Institutional placement (QIP), or any other mode. The issue proceeds will enable the bank to strengthen its capital adequacy requirements as specified by RBI from time to time.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
