Canara Bank trades higher on looking to raise capital in current fiscal
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Canara Bank is currently trading at Rs. 154.35, up by 1.65 points or 1.08% from its previous closing of Rs. 152.70 on the BSE.
The scrip opened at Rs. 154.50 and has touched a high and low of Rs. 159.75 and Rs. 152.85 respectively. So far 1937259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.40 on 18-Feb-2021 and a 52 week low of Rs. 76.55 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 159.75 and Rs. 145.25 respectively. The current market cap of the company is Rs. 25664.42 crore.
The promoters holding in the company stood at 69.33%, while Institutions and Non-Institutions held 17.19% and 13.48% respectively.
Canara Bank is looking to raise capital through a mix of equity and debt instruments in the current fiscal and a meeting of the board of directors will take place on May 28. However, the bank has not mentioned how much amount it plans to raise during 2021-22.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
