Monday 30 May 2016

Canara Bank down, posts Q4 results

Public sector lender Canara Bank on Friday posted a standalone net loss at Rs 3,905.49 crore, for the March quarter as non-performing assets surged.

Canara BankPublic sector lender Canara Bank on Friday posted a standalone net loss at Rs.3,905.49 crore for the March quarter as non-performing assets surged. The bank had registered a net profit of Rs.612.96 crore in the corresponding quarter of 2014-15.

Canara Bank is currently trading at Rs. 191.8, down by Rs. 1.1 or 0.57% from its previous closing of Rs. 192.9 on the BSE.

The scrip opened at Rs. 194 and has touched a high and low of Rs. 195.6 and Rs. 188.9 respectively. So far 2258478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10474.3 crore.

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. 156.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 203.1 and Rs. 178.2 respectively.

The promoters holding in the company stood at 66.3 % while Institutions and Non-Institutions held 25.7 % and 8 % respectively.


The stock is currently trading above its 200 DMA.

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