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Canara Bank soars 2.75%, rises for third straight session

Capital Market 

Canara Bank is quoting at Rs 203.4, up 2.75% on the day as on 12:54 IST on the NSE. The stock is down 23.22% in last one year as compared to a 2.96% fall in NIFTY and a 18.37% fall in the Nifty PSU Bank index.

Canara Bank rose for a third straight session today. The stock is quoting at Rs 203.4, up 2.75% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.27% on the day, quoting at 11033. The Sensex is at 37290.05, up 0.39%. Canara Bank has dropped around 8.05% in last one month.

Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has dropped around 1.75% in last one month and is currently quoting at 2419.7, up 2.61% on the day. The volume in the stock stood at 50.82 lakh shares today, compared to the daily average of 82.14 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 204.8, up 2.99% on the day. Canara Bank is down 23.22% in last one year as compared to a 2.96% fall in NIFTY and a 18.37% fall in the Nifty PSU Bank index.

The PE of the stock is 37.75 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 11 2019. 13:06 IST
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