ICICI Direct has buy call on Canara Bank with a target price of Rs 271. The current market price of is Rs 247.85. Time period given by analyst is 14 days when Canara Bank price can reach defined target.
Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 45416.75 Crore).
Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 23739.27 Crore, down -3.18 % from last quarter Total Income of Rs 24518.42 Crore and up 1.93 % from last year same quarter Total Income of Rs 23288.74 Crore. The bank reported net profit after tax of Rs 2179.77 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 62.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 7.97 per cent, DIIs 13.81 per cent.
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