Canara Bank rose 3.9% to Rs 261.10 at 9:17 IST on BSE after the bank said it has successfully raised Rs 1000 crore under BASEL-III Complaint Tier-II Bonds (Series-II).
The announcement was made after market hours on Thursday, 27 March 2014.
Meanwhile, the S&P BSE Sensex was up 110.23 points or 0.5% at 22,324.60.
On BSE, so far 17,000 shares were traded in the counter as against average daily volume of 1.87 lakh shares in the past two weeks.
The stock hit a high of Rs 262.40 and a low of Rs 254 so far during the day.
Canara Bank's net profit declined 42.4% to Rs 409.35 crore on 16.5% growth in total income to Rs 10935.29 crore in Q3 December 2013 over Q3 December 2012.
The Government of India (GoI) holds 69% stake in Canara Bank (as per the shareholding pattern as on 31 December 2013).
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