Canara Financial institution Share Worth: Purchase Canara Financial institution, Goal Worth Rs 235: Axis Securities

Axis Securities has a purchase name on Canara Financial institution with a goal value of Rs 235. The present market value is Rs 212.55. The time-frame for which the value can attain its specified goal is 4 weeks.

Canara Financial institution, included within the yr 1906, is a Banking firm (having a market cap of Rs 38296.29 Crore).

The most important merchandise/income segments of Canara Financial institution embrace curiosity and low cost on advances and payments, revenue from investments, curiosity on balances with RBI and different inter-bank funds and curiosity for the yr ending 31-March-2022 .

monetary state of affairs

For the quarter ended 31-03-2022, the corporate reported Consolidated Whole Earnings of Rs.24518.42 crores, up 7.33% from final quarter’s whole revenue of Rs.22843.51 crores and three.13% from Rs.23774.15 crores for the corresponding quarter final yr. above. Within the newest quarter, the financial institution reported a internet revenue after tax of Rs 1918.80 crore.

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Promoter/FII Holdings
As on 31-March-2022, promoters held 62.93 per cent stake within the firm, whereas FIIs held 8.48 per cent, DIIs held 13.61 per cent.

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