Canara Bank Shares Dip: Latest Trading Insights and Financial Performance

Canara Bank shares drop to Rs 94.80 amidst rising Nifty index. Read about their financial performance, trading stats, and market insights for September 2024.

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Shares of Canara Bank fell by 0.99% to Rs 94.80 during trading on Friday at 12:05 PM (IST), while the Nifty index was up by 18.71 points at 23,545.2. The stock closed at Rs 95.75 in the previous session. It has a 52-week low of Rs 88.35 and a high of Rs 129.35. The bank’s total market value is around Rs 85,853.71 crore, according to NiftyStat. So far, 901,692 shares have been traded today.

At this price, Canara Bank’s shares are valued at 5.37 times its earnings per share (EPS) of Rs 17.64 over the past year, and 1.27 times its book value. The return on equity (ROE) is reported to be 18.4, indicating a healthy performance.

For the quarter ending September 30, 2024, Canara Bank announced consolidated sales of Rs 38,006.05 crore, which is a 12.14% increase compared to the same quarter last year.

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