Canara Bank trades higher on the bourses

Canara Bank is currently trading at Rs. 399.25, up by 2.75 points or 0.69% from its previous closing of Rs. 396.50 on the BSE. The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 404.00 and Rs. 396.50 respectively. So far 44789 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. 421.65 and Rs. 387.95 respectively. The current market cap of the company is Rs. 18392.70 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, a leading nationalized bank has opened new branch at Bypass Road in Madurai, taking the number of branches in its network in Madurai Circle to 185. The Bank’s Madurai Circle Office has jurisdiction over eight southern districts and is having lead bank responsibilities in Madurai and Theni districts. Over the years, the bank has been scaling up its market position to emerge as a major 'Financial Conglomerate' with as many as nine subsidiaries/sponsored institutions/joint ventures in India and abroad. In the current fiscal, the bank had opened 875 branches, taking the total number to 5,632, including seven in overseas locations. The bank opened 1,188 ATMs during the year taking the total to 7,500.