Wednesday 4 February 2015

Canara Bank zooms 4%

So far, the stock has soared over 7.5 per cent from the day's low. 













Canara Bank wiped out all the losses in the mid-noon deals and rebounded into the positive zone, on the back of strong Q3 earnings.

According to a release issued by the company the BSE, the Bank has reported 60.2 per cent surge in Q3 net profit at Rs. 655 crore as compared to Rs. 409 crore on year-on-year basis.

Total income also increased by almost 12 per cent to Rs. 12,227 from Rs. 10,935 crore in the same above mentioned period.

So far, the stock has soared over 7.5 per cent from the day's low of Rs. 421 to touch a high at Rs. 453 on the BSE.

Now, Canara Bank is up 3.5 per cent at Rs. 455, and has witnessed high volume of around 923,000 shares as against the two-week daily average volume of 161,000 shares.

Meanwhile, the BSE Sensex is up 37 points at 29,037.

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