Canara Bank fell 1.71% to Rs 183.45 at 13:22 IST on BSE, with the stock sliding on profit taking after the bank said its board of directors will meet on 21 March 2016, to consider raising capital through the issue of Basel III compliant Tier II bonds
The announcement was made during market hours today, 16 March 2016.Meanwhile, the S&P BSE Sensex was down 154.26 points or 0.63% at 24,396.91.
On BSE, so far 1.28 lakh shares were traded in the counter as against average daily volume of 3.45 lakh shares in the past one quarter. The stock hit a high of Rs 187.70 and a low of Rs 182.80 so far during the day. The stock had hit a 52-week high of Rs 411.45 on 15 April 2015. The stock had hit a 52-week low of Rs 156.20 on 29 February 2016. The stock had underperformed the market over the past one month till 15 March 2016, advancing 4.19% compared with Sensex's 4.23% rise. The scrip had also underperformed the market in past one quarter, declining 22.16% as against Sensex's 3.04% fall.
The large-cap bank has equity capital of Rs 542.99 crore. Face value per share is Rs 10.
Shares of Canara Bank had risen 3.78% in the preceding three trading sessions to settle at Rs 186.65 yesterday, 15 March 2016, from its close of Rs 179.85 on 10 March 2016.
Canara Bank's net profit fell 87% to Rs 84.97 crore on 1.4% decline in total income to Rs 12050.63 crore in Q3 December 2015 over Q3 December 2014.
The Government of India held 66.3% stake in Canara Bank as per the shareholding pattern as on 31 December 2015.
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