Canara Bank lost 4.82% to Rs 353.10 at 9:46 IST on BSE after the bank's gross and net bad loans ratio grew as on 30 June 2017, compared with the period ended 31 March 2017 and 30 June 2016.
The result was announced after market hours yesterday, 19 July 2017.Meanwhile, the S&P BSE Sensex was up 23.28 points or 0.07% at 31,976.63.
On the BSE, 2.61 lakh shares were traded on the counter so far as against the average daily volumes of 3.31 lakh shares in the past one quarter. The stock had hit a high of Rs 359.70 and a low of Rs 350 so far during the day. The stock had hit a 52-week high of Rs 414.90 on 5 May 2017 and a 52-week low of Rs 231.25 on 25 July 2016.
The stock had outperformed the market over the past one month till 19 July 2017, advancing 4.26% compared with the Sensex's 2.06% rise. The stock had also outperformed the market over the past one quarter, gaining 17.11% as against the Sensex's 8.93% rise. The scrip had also outperformed the market over the past one year, surging 47.41% as against the Sensex's 15% rise.
The large-cap state-run bank has equity capital of Rs 597.29 crore. Face value per share is Rs 10.
Canara Bank's net profit rose 9.9% to Rs 251.60 crore on 4.4% growth in total income to Rs 12304.10 crore in Q1 June 2017 over Q1 June 2016.
The bank's gross non-performing assets (NPAs) stood at Rs 37657.76 crore as on 30 June 2017 as against Rs 34202.04 crore as on 31 March 2017 and Rs 32334.07 crore as on 30 June 2016.
The ratio of gross NPAs to gross advances stood at 10.56% as on 30 June 2017 as against 9.63% as on 31 March 2017 and 9.71% as on 30 June 2016.
The ratio of net NPAs to net advances stood at 7.09% as on 30 June 2017 as against 6.33% as on 31 March 2017 and 6.69% as on 30 June 2016.
The bank's provisions and contingencies surged 47.6% to Rs 2203.78 crore in Q1 June 2017 over Q1 June 2016.
The Government of India held 66.3% stake in Canara Bank as per the shareholding pattern as on 30 June 2017.
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