Powered by: Motilal Oswal

News

Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1249-1252; Target 1266.00; Stop Loss 1244.40   Canara Bank Ltd Buy Canara Bank Ltd @ 334-335; Target 340.00; Stop Loss 331.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly read di...
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
5/09/2023 10:55:41 AM
Buy Canara Bank Ltd For Target Price Rs. 400/430 - LKP Securities Future Outlook • The PSU banking major has been reporting consistent growth since the last 12 quarters with improvement in Asset Quality and should be able to bring down credit cost to a shade over 1% this fiscal. • Its huge Loan Book should in our view grow at a CAGR of 15% going forward led by RAM & Corporate Book. Technical Commentary • CanBank has been moving with a higher top higher bottom formation on the weekly chart. • Besides, it has been sustai...
Buy Canara Bank Ltd For Target Price Rs. 400/430 - LKP Securities
Buy Canara Bank Ltd For Target Price Rs. 400/430 - LKP Securities
Source: LKP Securities Ltd
17/08/2023 3:07:17 PM
Buy Canara Bank Ltd For Target Rs. 425 - Motilal Oswal Financial Services Ltd * Canara Bank (CBK) reported a healthy quarter with PAT up 75% YoY to INR35.3b (14% beat), driven by higher ‘other income’. NII grew 28% YoY (in line), while margins moderated marginally by 2bp QoQ to 3.05%. * On the business front, loan book grew ~15% YoY (3% QoQ), while deposits grew 7% YoY (1% QoQ). * The asset quality ratios have improved and the management is optimistic about further reducing Net NPA at an accelerated pace. However, the SMA book increased 51% QoQ to INR...
Buy Canara Bank Ltd For Target Rs. 425 - Motilal Oswal Financial Services Ltd
Buy Canara Bank Ltd For Target Rs. 425 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
31/07/2023 11:13:45 AM
Buy Canara Bank Ltd For Target Rs. 395 - JM Financial Institutional Securities Ltd Canara Bank reported a healthy operating profit of INR 76.0bn (+15% YoY, +5% QoQ) supported by a) stable NIMs at 3.05% (-2bps QoQ), b) moderation in operating expenses (+9.8% YoY, -4.2% QoQ) and c) higher other income driven by PSLC fees, despite modest growth momentum (loan and deposits growth of 13.3% and 6.6% YoY resp.). Increase in cost of funds was set off by upward repricing of yield, which aided stable NIMs and management indicated that they expect the NIMs to stay near current levels ...
Buy Canara Bank Ltd For Target Rs. 395 - JM Financial Institutional Securities Ltd
Buy Canara Bank Ltd For Target Rs. 395 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
28/07/2023 2:47:32 PM
Canara Bank jumps on reporting 74% rise in Q1 consolidated net profit Canara Bank is currently trading at Rs. 345.00, up by 6.95 points or 2.06% from its previous closing of Rs. 338.05 on the BSE. The scrip opened at Rs. 339.30 and has touched a high and low of Rs. 351.30 and Rs. 334.10 respectively. So far 728458 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 351.30 on 24-Jul-2023 and a 52 week low of Rs. 207.45 on 28-Sep-2022. Last one week high and low of the scrip stood at R...
Canara Bank jumps on reporting 74% rise in Q1 consolidated net profit
Canara Bank jumps on reporting 74% rise in Q1 consolidated net profit
Source: Accord Fintech
24/07/2023 2:58:11 PM
Stock of the day : Buy Canara Bank Ltd For Target Rs.358 - Religare Broking Canara Bank Ltd * Canara Bank has been inching gradually higher after breakout from a triangle pattern. * Formed a fresh buying pivot while holding above the support zone of short term moving average. * Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone. BuyCANBK Ltd CMP 338.45; Range 337-339; SL330; Target 358     To Read Complete Repo...
Stock of the day : Buy Canara Bank Ltd For Target Rs.358 - Religare Broking
Stock of the day : Buy Canara Bank Ltd For Target Rs.358 - Religare Broking
Source: Religare Broking Ltd
20/07/2023 10:42:42 AM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking Canara Bank Ltd Buy Canara Bank Ltd CMP:321.20, Initiation Range 320-322, Stop Loss 307, Target 348 TECHNICAL RATIONALE – The PSU banking index has witnessed a breakout from a congestion zone and Canara Bank is also trading in sync. It has also ended seven-month consolidation phase, after a breakout from a cup and handle pattern (which is continuous in nature), with noticeable surge in volumes.   Marico Ltd Buy Marico Ltd CMP: 5...
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking
Source: Religare Broking Ltd
4/07/2023 11:28:55 AM
Microfinance grows by nearly 10 times in 10 years to cross Rs 5L-crore mark Microfinance in India has a long history. Since the turn of this century, it has been expanding rapidly as a viable financial services business because of the influx of Microfinance NBFCs, growth of the self-help groups (SHG) business by Public Sector Banks, and under the NRLM (National Rural Livelihood Mission). It witnessed the introduction of the Small Finance Banks and major private sector banks playing an increasing role in this segment. The industry has had its ups and downs due to e...
Microfinance grows by nearly 10 times in 10 years to cross Rs 5L-crore mark
Microfinance grows by nearly 10 times in 10 years to cross Rs 5L-crore mark
Source: IANS
6/06/2023 2:33:46 PM
Stock Picks : Tata Consultancy Services Ltd and Canara Bank Ltd By ICICI Direct Tata Consultancy Services Ltd Buy Tata Consultancy Services Ltd  @3306-3310 CMP 3305.60; Target 3356.00; Stop Loss 3285.30   Canara Bank Ltd Buy Canara Bank Ltd @313.30-314.30 CMP 313.75; Target 319.30; Stop Loss 311.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00...
Stock Picks : Tata Consultancy Services Ltd and Canara Bank Ltd By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd and Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
5/06/2023 10:48:21 AM
Canara Bank jumps on aiming to improve bottom line further Canara Bank is currently trading at Rs. 314.20, up by 4.75 points or 1.53% from its previous closing of Rs. 309.45 on the BSE. The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 314.80 and Rs. 310.00 respectively. So far 294413 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.60 on 03-Jan-2023 and a 52 week low of Rs. 171.70 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Canara Bank jumps on aiming to improve bottom line further
Canara Bank jumps on aiming to improve bottom line further
Source: Accord Fintech
2/06/2023 1:47:45 PM
Stock Picks : Sun Pharma Ltd and Canara Bank Ltd By ICICI Direct Sun Pharma Ltd Buy Sun Pharma Ltd @973-975 CMP 975.35; Target 988.70; Stop Loss 966.30   Canara Bank Buy Canara Bank @308.50-309.50 CMP 309.70; Target 313.90; Stop Loss 306.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above vi...
Stock Picks : Sun Pharma Ltd and Canara Bank Ltd By ICICI Direct
Stock Picks : Sun Pharma Ltd and Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
1/06/2023 12:20:18 PM
Google Pay launches RuPay credit cards support on UPI in India Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday rolled out support for RuPay credit cards on Unified Payments Interface (UPI). The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted. The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Uni...
Google Pay launches RuPay credit cards support on UPI in India
Google Pay launches RuPay credit cards support on UPI in India
Source: IANS
23/05/2023 12:35:03 PM
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Buy Canara Bank Ltd For Target Rs.371- JM Financial Institutional Securities Canara Bank reported a healthy PPOP growth amounting to INR 73bn (17% YoY, 4% QoQ) aided by one-offs in other income (7% YoY, 20% QoQ) with recoveries in two corporate accounts amounting to INR 6-6.5bn even as NII was lower than expectations (23% YoY, flat QoQ) on account of slower loan growth. Deposits saw moderation in growth (+8.5% YoY, +1.4% QoQ) on account of sluggish growth in TD (11% YoY, flat QoQ) with CASA at 31.1% (+87bps). Asset quality metrics continued to improve with GNPL/NNPL a...
Buy Canara Bank Ltd For Target Rs.371- JM Financial Institutional Securities
Buy Canara Bank Ltd For Target Rs.371- JM Financial Institutional Securities
Source: JM Financial Institutional Securities
11/05/2023 2:46:51 PM
Buy Canara Bank Ltd For Target Rs.400 - Motilal Oswal Financial Services Ltd Asset quality continues to improve * Canara Bank (CBK) reported a mixed quarter with PAT up 91% YoY to INR31.7b (in line), driven by higher ‘other income’ even as NII/PPoP saw a miss. NII grew 23% YoY (8% miss), while margins expanded marginally by 2bp QoQ to 3.07%. * On the business front, loan growth sustained its momentum at ~18% YoY, while deposits grew 9% YoY (1.4% QoQ), aided by higher growth in CASA deposits. * The asset quality ratios have shown improvement due to...
Buy Canara Bank Ltd For Target Rs.400 - Motilal Oswal Financial Services Ltd
Buy Canara Bank Ltd For Target Rs.400 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
9/05/2023 10:43:24 AM
Stock Picks : Ultratech and Canara Bank By ICICI Direct Ultratech Buy Ultratech CMP 7439.20: Initiation Range7430-7436: Target 7489.00: Stop Loss 7398.00   Canara Bank Buy Canara Bank???????  CMP 307.70: Initiation Range 306.80-307.40: Target 311.40: Stop Loss 304.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Ultratech and Canara Bank By ICICI Direct
Stock Picks : Ultratech and Canara Bank By ICICI Direct
Source: ICICI Direct
26/04/2023 10:21:32 AM
Buy Canara Bank Ltd For Target Rs.320- Religare Broking * We are seeing noticeable buying in the PSU banking pack and Canbk is trading in sync with the trend. * It has recovered strongly in the last one month, after retesting the support zone of the major moving average i.e. 200 EMA. * Formed a fresh buying pivot while holding strongly above the 290 levels. The chart pattern indicates a steady up move. * We thus recommend creating fresh longs in the mentioned range. Buy CANBK CMP 302.95; Range 302-304; SL 295; Target 320 &n...
Buy Canara Bank Ltd For Target Rs.320- Religare Broking
Buy Canara Bank Ltd For Target Rs.320- Religare Broking
Source: Religare Broking Ltd
25/04/2023 12:05:44 PM
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date Homegrown Paytm Payments Bank has now over 4.3 million users on Paytm UPI Lite with more than over 10 million transactions so far through the Paytm Super App, the company said on Tuesday. Paytm UPI Lite continues to gain rapid popularity among the masses to carry out small-value transactions of up to Rs 200 in a single tap. Currently, 10 banks support Paytm UPI Lite -- Paytm Payments Bank, Canara Bank, Central Bank of India, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National B...
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Source: IANS
4/04/2023 5:59:26 PM
Canara Bank Launches Premium Payroll Account Chennai: Canara Bank has introduced “Premium Payroll Package” for the Salary account holders with competitive features. The product has been designed to meet all Banking requirements of Salaried Customers.  The features such as free Term Life Insurance, Insta over Draft, free Personal & Air Accident Insurance coverage, Premium Cards are some of the unique features of the product apart of the other various features offered. Account is designed in terms of the whole 360-deg...
Canara Bank Launches Premium Payroll Account
Canara Bank Launches Premium Payroll Account
Source: PR Agency
4/04/2023 3:06:16 PM
Stock Picks : Dr Reddy Laboratories Ltd and Canara Bank Ltd By ICICI Direct Dr Reddy Laboratories Ltd Dr Reddy Laboratories Ltd  @ 4454-4458CMP 4474.95 Stop Loss 4424.00 Target 4509.00        United Spirits Ltd  United Spirits Ltd @ 72-774 CMP 776.30 Stop Loss 766.70 Target 783.80         To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icici...
Stock Picks : Dr Reddy Laboratories Ltd and Canara Bank Ltd By ICICI Direct
Stock Picks : Dr Reddy Laboratories Ltd and Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
23/03/2023 10:42:30 AM
Rss Feed Paisalo Digital jumps on getting term loan of Rs 75 crore from Canara Bank Paisalo Digital is currently trading at Rs. 57.00, up by 1.12 points or 2.00% from its previous closing of Rs. 55.88 on the BSE. The scrip opened at Rs. 55.90 and has touched a high and low of Rs. 57.00 and Rs. 54.97 respectively. So far 1829 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.20 on 27-Oct-2022 and a 52 week low of Rs. 54.97 on 16-Mar-2023. Last one week high and low of the scrip stood at Rs. 59....
Rss Feed Paisalo Digital jumps on getting term loan of Rs 75 crore from Canara Bank
Rss Feed Paisalo Digital jumps on getting term loan of Rs 75 crore from Canara Bank
Source: Accord Fintech
16/03/2023 11:44:54 AM
Canara Bank Rupay Credit Card on UPI The use of Unified Payment Interface (UPI) has been on the rise, with UPI becoming the most popular digital product of NPCI used by people of all ages and genders due to its simplicity. To leverage the reach of UPI and the strength of credit card products, Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BHIM app. With this introduction, all Canara Bank customers can link their active Rupay Credit Card to UPI and make merchant payments without ...
Canara Bank Rupay Credit Card on UPI
Canara Bank Rupay Credit Card on UPI
Source: PR Agency
15/03/2023 2:43:26 PM
Paytm now offers lightning fast UPI payments that never fail in peak hours Paytm Payments Bank has become the only platform to exclusively offer UPI LITE payments, which enables faster real-time transactions with a single tap on the Paytm app. Paytm UPI LITE will never fail even during peak transaction hours, even when banks have success rate issues, the company said in a statement on Friday. Paytm UPI LITE aims to make digital payments more accessible to people across the country. UPI LITE, enabled by National Payments Corporation of India (NPCI), aids use...
Paytm now offers lightning fast UPI payments that never fail in peak hours
Paytm now offers lightning fast UPI payments that never fail in peak hours
Source: IANS
24/02/2023 2:30:20 PM
Buy Canara Bank Ltd For Target Rs.349- LKP Securities Price Analysis Canara Bank has been reporting consistent growth in net profit since previous ten quarters. In 3QFY23, the profitability increased by 92% YoY and 14% sequentially on the back of lower provisioning expenses. A bulky provision (?54bn) made in 4QFY20 (two years ago), continued to safeguard the balance sheet from delinquencies out of restructuring with PCR (calculated) of 68.2% and PCR (including TWO) of 86.3%. On asset quality front, the GNPA/ NNPA ratio (5.90%/1.96%) improved ...
Buy Canara Bank Ltd For Target Rs.349- LKP Securities
Buy Canara Bank Ltd For Target Rs.349- LKP Securities
Source: LKP Securities Ltd
30/01/2023 10:59:40 AM
Buy Canara Bank Ltd For Target Rs 355 JM Financial Institutional Securities Strong quarter; robust loan growth and NIM expansion Canara Bank reported a strong quarter with a robust core-PPOP of INR 53.7bn (+60% YoY, +1% QoQ) driven by healthy NII growth (+23.8% YoY, +15.7% QoQ) aided by NIMs at 3.05% (+19bps QoQ) and controlled opex (-7.8% YoY, +5.2% QoQ). Further, credit costs were at lowest levels since AQR at 1.0% (annualised) resulting in a sharp improvement in PAT to INR 28.8bn (+92.8% YoY, +14.1% QoQ). Asset quality metrics continued to improve with GNPL/NNP...
Buy Canara Bank Ltd For Target Rs 355 JM Financial Institutional Securities
Buy Canara Bank Ltd For Target Rs 355 JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
26/01/2023 10:23:34 AM
Buy Canara Bank Ltd For Target Rs. 385 - Emkay Global Financial Services Margins power earnings beat; retain BUY * Canara Bank reported a strong beat on PAT at Rs28.8bn, up 92% YoY (vs our estimate of Rs20.2bn), mainly backed by continued uptick in margins and lower opex. The bank has moved to the new tax regime in 3Q and, thus, effective tax rate has been lower, at 25%, supporting profitability. * Credit growth was decent at 18% YoY/4% QoQ, largely driven by robust traction in the corporate book. Unlike PVBs, deposit growth was better than the industry run ...
Buy Canara Bank Ltd For Target Rs. 385 - Emkay Global Financial Services
Buy Canara Bank Ltd For Target Rs. 385 - Emkay Global Financial Services
Source: Emkay Global Financial Services
25/01/2023 11:25:08 AM
Canara Bank jumps on reporting 79% rise in Q3 consolidated net profit Canara Bank is currently trading at Rs. 322.50, up by 3.60 points or 1.13% from its previous closing of Rs. 318.90 on the BSE. The scrip opened at Rs. 322.40 and has touched a high and low of Rs. 326.50 and Rs. 319.60 respectively. So far 328584 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.60 on 03-Jan-2023 and a 52 week low of Rs. 171.70 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Canara Bank jumps on reporting 79% rise in Q3 consolidated net profit
Canara Bank jumps on reporting 79% rise in Q3 consolidated net profit
Source: Accord Fintech
23/01/2023 3:45:50 PM
Profit up by 91.88% YoY Operating Profit up by 19.80% YoY Global Business surpassed 20,00,000 crore Key Highlights (December 2021 V/s December 2022) Global business grew by 13.63%, it crossed Rs. 20,00,000 cr milestone. Net Profit stood at Rs.2882 cr against Net profit of Rs.1502 cr for December 2021. Operating Profit stood at Rs. 6952 cr grew by 19.80%. Gross Advances grew by 16.65%. Gold Loan grew by 34.21% with Portfolio amount of Rs.1,15,286 cr. Net-Interest Income grew by 23.81% Non-Interest Income grew by 10.35%. Fee based income grew by 13.02%. Cost to...
Profit up by 91.88% YoY Operating Profit up by 19.80% YoY Global Business surpassed 20,00,000 crore
Profit up by 91.88% YoY Operating Profit up by 19.80% YoY Global Business surpassed 20,00,000 crore
Source: PR Agency
23/01/2023 2:33:07 PM
Moody's upgrades ratings on 3 Indian state-run banks, affirms State Bank of India at Baa3 Moody's Investors Service on Friday upgraded long-term currency deposit ratings for three Indian state-run lenders on improving credit metrics, better macro economic health and a bet on government support for financial institutions. The ratings agency lifted Bank of Baroda, Punjab National Bank and Canara Bank to Baa3 from Ba1, and affirmed State Bank of India's rating at Baa3, while upgrading its baseline credit assessment and additional tier 1 securities program rating to Ba1 and...
Moody's upgrades ratings on 3 Indian state-run banks, affirms State Bank of India at Baa3
Moody's upgrades ratings on 3 Indian state-run banks, affirms State Bank of India at Baa3
Source: Reuters
20/01/2023 12:11:56 PM
Canara Bank to issue 3-month CD - traders India's Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday. The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said. The notes are rated A1+ by CRISIL. ($1 = 82.6250 Indian rupees)
Canara Bank to issue 3-month CD - traders
Canara Bank to issue 3-month CD - traders
Source: Reuters
2/01/2023 2:47:06 PM
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities Canara Bank Ltd • CANBK on the weekly chart has decisively broken out above the “Multiple resistance zone” placed between 295-303 levels in Nov, 2022 • Stock had given a throwback till breakout area and forms a bullish engulfing candle at a breakout zone indicating reversal after a small profit booking, • Resistance zone between 295-303 was in place from Mar, 2018 and due to change of polarity resistance zone will now act as strong support • The wee...
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities
Source: Axis Securities Ltd
2/01/2023 2:32:10 PM
Religare Finvest signs agreement with all its lenders for One Time Settlement  In a path breaking update, Religare Enterprises Ltd on Friday announced that in accordance with the terms of the sanction letters received from the OTS lenders, Religare Finvest Ltd (RFL) along with RFL's parent company has entered into a Settlement Agreement on December 30 in connection with the OTS with all the 16 secured lenders (OTS Lenders) for full and final settlement with respect to all their outstanding dues of RFL. The lenders are Bank of Baroda, Union Bank of India, ...
Religare Finvest signs agreement with all its lenders for One Time Settlement
Religare Finvest signs agreement with all its lenders for One Time Settlement
Source: IANS
31/12/2022 9:30:59 AM
Stock Picks : Canara Bank Ltd And Apollo Tyre Ltd By ICICI Direct Canara Bank Ltd Buy Canara Bank Ltd @ 321-322 CMP 326.50 Stop Loss 318.90 Target 326.70   Apollo Tyre Ltd Buy Apollo Tyre Ltd @ 326-327 CMP 321.15 Stop Loss 323.30 Target 331.50   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  ...
Stock Picks : Canara Bank Ltd And Apollo Tyre Ltd By ICICI Direct
Stock Picks : Canara Bank Ltd And Apollo Tyre Ltd By ICICI Direct
Source: ICICI Direct Ltd
30/12/2022 11:56:42 AM
Stock Picks -Tata Consultancy Services Ltd And Canara Bank Ltd By ICICI Direct Tata Consultancy Services Ltd Buy Tata Consultancy Services Ltd @ 3346-3350 CMP 3332.10 Stop Loss 3319.70 Target 3388.00   Canara Bank Ltd Buy Canara Bank Ltd @ 327.50-328.50 CMP 326.50 Stop Loss 324.80 Target 332.50   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ...
Stock Picks -Tata Consultancy Services Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks -Tata Consultancy Services Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct Ltd
14/12/2022 11:15:36 AM
Stock of the day: Buy Canara Bank Ltd For Target Rs.344 By Religare Broking * Canara bank is among the consistent performer within the PSU banking space. * It’s seeing a breather after the phenomenal surge while holding above 20 EMA. * Indications are in the favour of a breakout soon. * We thus recommend creating fresh longs in the given range. BUY Canara Bank Ltd CMP (Rs):326.50  Range:325-327  SL:315  Target:344 Technical Chart :     To Read Complete Report & Disclaimer Click Here ...
Stock of the day: Buy Canara Bank Ltd For Target Rs.344 By Religare Broking
Stock of the day: Buy Canara Bank Ltd For Target Rs.344 By Religare Broking
Source: Religare Broking Ltd
14/12/2022 8:56:27 AM
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities Adani Airport Holdings increases borrowing limit by Rs 2,500 crore The Adani Group has increased the borrowing limit of its airport arm — Adani Airport Holdings (AAHL) — from Rs 14,000 crore to Rs 16,500 crore to fund the expansion of its eight airports across the country AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It is also building Navi Mumbai airport, which is expected to start oper...
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Source: ARETE Securities Ltd
5/12/2022 9:39:30 AM
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report India's central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special "vostro account" for trade in rupees with Russia, local newspaper Business Standard reported on Monday, citing banking industry sources. Vostro accounts are held by a bank on behalf of another, often foreign bank, and this forms a key part of correspondent banking. The Reserve Bank of India (RBI), HDFC Bank and Canara Bank did not immediately respond to Reuters requests for comment. The...
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report
Source: Reuters
22/11/2022 9:03:13 AM
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard. The September quarter results of public sector banks (PSBs) seem to have brought cheer for the Indian banking sector with all the major 12 PSBs recording net profits worth Rs 25,685 crore during the period under review. On September 7, Finance Minister Nirmala Sitharaman had la...
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit
Source: IANS
19/11/2022 1:43:52 PM
PSB stocks on 52-week high riding on record profits, double-digit loan growth Public sector bank stocks have rallied more than 25 per cent post their stellar Q2 financial results with net profit jumping by 50 per cent. Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank stocks. Bank of India is up by 56.1 per cent during the month while UCO Bank is up by 32.4 per cent. The Nifty PSU Bank index made a new 52-week high on Friday. The index was up by 21.35 per cent last month. Amber Pabreja, Founder and CEO of Trendlyne, ...
PSB stocks on 52-week high riding on record profits, double-digit loan growth
PSB stocks on 52-week high riding on record profits, double-digit loan growth
Source: IANS
19/11/2022 12:34:30 PM
Happy days now, but challenging times ahead for public sector banks Arbitrage between the lending and deposit rates, higher credit demand, and lower loan provisions resulted in public sector banks (PSB) posting handsome profits during Q2FY23 and H1FY23, say experts. However, the happy times for the government banks may not continue for much long as competition will soon emerge for deposits, and loans, which, in turn, would increase the cost of funds and reduce the margins, the experts added. Further maintaining good employee relations by the PSB managem...
Happy days now, but challenging times ahead for public sector banks
Happy days now, but challenging times ahead for public sector banks
Source: IANS
19/11/2022 12:17:19 PM
Finance minister lauds state-owned banks for recording profits Finance Minister Nirmala Sitharaman on Monday lauded all 12 public sector banks for recording combined net profits worth Rs 25,685 crore in the second quarter of the current fiscal. In a series of tweets, she said, "The continuous efforts of our government for reducing the NPAs and further strengthening the health of PSBs are now showing tangible results. All 12 PSBs declared net profit of Rs 25,685 cr in Q2FY23". She said that the combined net profits of public sector banks r...
Finance minister lauds state-owned banks for recording profits
Finance minister lauds state-owned banks for recording profits
Source: IANS
7/11/2022 4:50:33 PM
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities Ambuja Cements Ltd • On the weekly time frame Ambuja Cement has decisively broken out above “pennant” pattern. Pattern is formed after a sharp rally from 350 level. • Break out after a “pennant” pattern signifies continuation of previous rally. • This breakout is accompanied with rising volume, which normally dried up during “pennant” pattern formation • The weekly strength indicator RSI is in The daily and weekly streng...
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities
Weekly Tech Picks - Ambuja Cements Ltd,Bajaj Finserv Ltd,Canara Bank Ltd,Tata Steel Ltd By Axis Securities
Source: Axis Securities Ltd
7/11/2022 12:10:46 PM
Buy Canara Bank Ltd For Target Rs.280 - JM Financial Institutional Securities Ltd Strong quarter; NIMs improve sequentially Canara Bank (CBK) reported a strong core-PPOP of INR 53bn (+37% YoY, +5% QoQ) driven by controlled opex (+8% YoY, flat QoQ) and strong NII growth (+18% YoY, +10% QoQ, NIMs at 2.86% (+8bps QoQ)). CBK has shifted to the new tax regime (tax rate at 23% in 2Q) leading to a PAT of INR 25.2bn (+90% YoY, +25% QoQ). Asset quality metrics continue to improve with GNPL/NNPL/Restructuring at 6.4%/2.2%/2.0% (-62bps/-29bps/-40bps QoQ). Loan growth was robust at...
Buy Canara Bank Ltd For Target Rs.280 - JM Financial Institutional Securities Ltd
Buy Canara Bank Ltd For Target Rs.280 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
26/10/2022 10:35:16 AM
Buy Canara Bank Ltd For Target Rs.330 - Emkay Global Financial Services Ltd Robust growth, new tax regime boosts profitability * Canara Bank posted a strong beat on PAT at Rs25.3bn (our est: Rs20.3bn), mainly driven by margin improvement and lower tax, albeit partly offset by the prudent higher provisions for shoring-up its specific PCR. Bank has shifted to a new tax regime post adjusting for the DTA which should keep tax rate below 25% in H2FY23 and continue boosting profitability. * Credit growth surprised positively by 21% YoY/6% QoQ, on strong corporate &am...
Buy Canara Bank Ltd For Target Rs.330 - Emkay Global Financial Services Ltd
Buy Canara Bank Ltd For Target Rs.330 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
24/10/2022 11:10:35 AM
Canara Bank jumps on reporting over 2-fold jump in Q2 consolidated net profit 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 ...
Canara Bank jumps on reporting over 2-fold jump in Q2 consolidated net profit
Canara Bank jumps on reporting over 2-fold jump in Q2 consolidated net profit
Source: Accord Fintech
21/10/2022 4:24:21 PM
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore As banks' outstanding dues shot up to a whopping Rs 8.58 lakh crore, Maharashtra and Delhi top the list of defaulters, as per the latest official data of TransUnion CIBIL Ltd. The figures show that as on March 31, 2022, there were 30,359 records of borrowers with defaults of Rs one crore and above, with recovery suits filed against them by various banks, totalling to outstanding of Rs 858,396.32 crore. This amount has more than tripled since March 31, 2017 -- from 17,236 accounts ...
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Source: IANS
28/09/2022 3:19:35 PM
Indian banks may raise more funds to meet credit needs, lock rates  Indian banks may continue their fundraising spree in the next few months by issuing Basel III-compliant and infrastructure bonds as they rush to meet rising credit demand and lock in funds at cheaper rates, analysts said. "All banks are in need of funds as second half is expected to see a pick up in credit offtake, and currently investor appetite is favourable," said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap. "We ...
Indian banks may raise more funds to meet credit needs, lock rates
Indian banks may raise more funds to meet credit needs, lock rates
Source: Reuters
22/09/2022 3:13:31 PM