Canara Bank‘s Board of Directors on Monday approved the sub-division of its equity shares of Rs 10 into five shares with a face value of Rs 2 each. The move is aimed at improving liquidity in the bank’s shares and making it more affordable for retail investors along with broadening the retail investors’ base. The … Read more
Canara Bank, part of the PSU banking space, hit a fresh 52-week high in September 2023 and the chart patterns suggest that the rally may not be over yet. Short-term traders can look to buy the stock for a possible target of Rs 425-540 in the next 2-3 months, suggest experts. The stock hit a … Read more
Canara Bank on Monday announced that its standalone net profit jumped 75% year-on-year (YoY) to Rs 3,535 crore for the quarter ended June. It was Rs 2,022 crore in the year-ago period. The net interest income for the June quarter rose 28% to Rs 8,666 crore, as against Rs 6,785 crore in the same period … Read more
Indian markets snapped a 7-day winning streak on Tuesday and closed in the red tracking muted global cues. The S&P BSE Sensex fell nearly 300 points while the Nifty50 closed below 17,700 levels. Sectorally, buying was seen in capital goods, auto, public sector, oil & gas while some selling was seen in FMCG, telecom, realty, … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
The Indian market fell in morning trade on Tuesday tracking a muted trend seen in other Asian markets which were trading lower on recession fears. The Nifty50 slipped below 17,300 in the first 15-minutes of trade while the S&P BSE Sensex fell more than 100 points. Sectorally, buying was seen in FMCG, telecom, power, utilities, … Read more