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Canara Bank sees good buying support

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Capital Market
Last Updated : Oct 31 2019 | 1:31 PM IST

Canara Bank is quoting at Rs 203.05, up 1.5% on the day as on 12:49 IST on the NSE. The stock is down 19.36% in last one year as compared to a 14.78% spurt in NIFTY and a 15.52% spurt in the Nifty PSU Bank index.

Canara Bank gained for a third straight session today. The stock is quoting at Rs 203.05, up 1.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 11914.85. The Sensex is at 40283.19, up 0.58%. Canara Bank has risen around 14.01% in last one month.

Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has risen around 12.55% in last one month and is currently quoting at 2413.4, up 2.94% on the day. The volume in the stock stood at 45.43 lakh shares today, compared to the daily average of 69.85 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 202.6, up 1.05% on the day. Canara Bank is down 19.36% in last one year as compared to a 14.78% spurt in NIFTY and a 15.52% spurt in the Nifty PSU Bank index.

The PE of the stock is 38.2 based on TTM earnings ending June 19.

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First Published: Oct 31 2019 | 1:05 PM IST

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