Canara Bank jumps on reporting above 2-fold jump in Q2 consolidated net profit
Canara Bank is currently trading at Rs. 199.20, up by 5.80 points or 3.00% from its previous closing of Rs. 193.40 on the BSE.
The scrip opened at Rs. 198.50 and has touched a high and low of Rs. 202.90 and Rs. 198.00 respectively. So far 584932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.45 on 26-Oct-2021 and a 52 week low of Rs. 84.40 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 207.45 and Rs. 186.60 respectively. The current market cap of the company is Rs. 35085.28 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 20.24% and 16.83% respectively.
Canara Bank has reported above 3- fold jump in its net profit at Rs 1332.61 crore for second quarter ended September 30, 2021 as compared to net profit of Rs 444.41 crore for the same quarter in the previous year. Total income of the bank increased by 2.59% at Rs 21331.49 crore for Q2FY22 as compared Rs 20793.92 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported above 2- fold jump in its net profit after minority interest of Rs 1314.41 crore for the quarter under review as against net profit of Rs 466.41 crore for the same quarter in the previous year. Total income of the bank increased by 5.47% at Rs 23876.00 crore for Q2FY22 as compared Rs 22638.26 crore for the corresponding quarter previous year.