Canara Bank jumps on reporting over 2-fold jump in Q2 consolidated net profit
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Canara Bank is currently trading at Rs. 268.40, up by 9.50 points or 3.67% from its previous closing of Rs. 258.90 on the BSE.
The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 270.90 and Rs. 259.35 respectively. So far 1721006 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.80 on 03-Feb-2022 and a 52 week low of Rs. 171.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 270.90 and Rs. 223.30 respectively. The current market cap of the company is Rs. 48754.75 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 23.78% and 13.28% respectively.
Canara Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 89.51% in its net profit at Rs 2,525.47 crore for Q2FY23 as compared to Rs 1,332.61 crore for the corresponding quarter previous year. Total income of the bank increased by 16.88% to Rs 24,932.19 crore for the quarter under review as compared to Rs 21,331.49 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 2,593.49 crore for the quarter under review as compared to Rs 1,100.59 crore for the same quarter in the previous year. Total income of the bank increased by 14.59% to Rs 27,358.37 crore for the quarter under review as compared to Rs 23,876.00 crore for the same quarter in the previous year.
