Canara Bank is currently trading at Rs. 220.25, up by 0.75 points or 0.34% from its previous closing of Rs. 219.50 on the BSE.
The scrip opened at Rs. 221.00 and has touched a high and low of Rs. 221.80 and Rs. 218.90 respectively. So far 35,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 459.45 on 20-Feb-2013 and a 52 week low of Rs. 189.90 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 226.40 and Rs. 217.30 respectively. The current market cap of the company is Rs. 9,757.00 crore.
The promoters holding in the company stood at 69.00% while Institutions and Non-Institutions held 23.27% and 7.73% respectively.
Mahindra & Mahindra (M&M) has entered into a tie-up with Canara Bank to provide loan facility to its customers. The company has entered into a preferred financier tie-up with Canara Bank. Through this tie-up the auto major’s customers can avail a car loan from any of the 4,600 branches of the bank.
Besides, this tie-up will enable both the company and the bank to leverage on the inherent strengths of each other’s vast pan-India network of 4,600 branches and 250 dealers, respectively.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
