Canara Bank Share Price 29 February 2024
📈 Canara Bank’s board of directors have officially announced a stock split. During Monday’s trading session, the bank’s shares were trading at ₹571.90 with a 1.5% decrease. The face value of the share, currently at ₹10, will decrease to ₹2 after the split.
📊 On Wednesday, 28th February 2024, Canara Bank’s shares were trading at ₹561.40, down by 1.84%. The next day, Thursday, 29th February 2024, the shares rose by 0.58% to ₹554.
💰 According to experts at Motilal Oswal, in the upcoming days, Canara Bank shares may touch ₹650. Market analysts recommend buying the bank’s shares immediately. Brokerage firm BofA Securities has given a buy rating on Canara Bank shares.
📈 In the December 2023 quarter, Canara Bank reported a revenue of ₹3,659 crore, a 27% increase. The bank’s earnings have improved due to lower credit costs and higher interest income. Canara Bank’s net interest income increased to ₹9,417 crore, with a net interest margin of 3.02%.
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