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Canara Bank extends losing spree

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Capital Market
Last Updated : Jun 03 2019 | 1:50 PM IST

Canara Bank is quoting at Rs 267.25, down 0.21% on the day as on 13:24 IST on the NSE. The stock jumped 5.57% in last one year as compared to a 12.96% rally in NIFTY and a 11.32% spurt in the Nifty PSU Bank index.

Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 267.25, down 0.21% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 12006.15. The Sensex is at 40018.83, up 0.77%.Canara Bank has gained around 0.64% in last one month.Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has increased around 5.6% in last one month and is currently quoting at 3247.6, down 0.88% on the day. The volume in the stock stood at 23.88 lakh shares today, compared to the daily average of 61.2 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 268.7, up 0.02% on the day. Canara Bank jumped 5.57% in last one year as compared to a 12.96% rally in NIFTY and a 11.32% spurt in the Nifty PSU Bank index.

The PE of the stock is 58.05 based on TTM earnings ending March 19.

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First Published: Jun 03 2019 | 1:35 PM IST

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