Canara Bank stocks: Buy Canara Bank, target price Rs 650: Motilal Oswal

Motilal Oswal Monetary Providers has purchase name on Canara Financial institution with a goal worth of Rs 650. The present market worth of Canara Financial institution is Rs 558.25.

Canara Financial institution, integrated within the 12 months 1906, is a banking firm (having a market cap of Rs 101246.61 Crore).

Canara Financial institution key Merchandise/Income Segments embrace Curiosity & Low cost on Advances & Payments, Earnings From Funding, Curiosity On Balances with RBI and Different Inter-Financial institution Funds and Curiosity for the 12 months ending 31-Mar-2023. Financials
For the quarter ended 31-03-2024, the corporate reported a Consolidated Whole Earnings of Rs 37384.14 Crore, up 4.92 % from final quarter Whole Earnings of Rs 35630.18 Crore and up 17.66 % from final 12 months similar quarter Whole Earnings of Rs 31774.04 Crore. The financial institution reported web revenue after tax of Rs 3951.76 Crore in newest quarter. Promoter/FII Holdings
Promoters held 62.93 per cent stake within the firm as of 31-Mar-2024, whereas FIIs owned 10.57 per cent, DIIs 14.27 per cent.