Canara Bank is currently trading at Rs. 103.05, up by 0.80 points or 0.78% from its previous closing of Rs. 102.25 on the BSE.
The scrip opened at Rs. 103.20 and has touched a high and low of Rs. 103.45 and Rs. 102.30 respectively. So far 73491 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 271.70 on 19-Jul-2019 and a 52 week low of Rs. 73.85 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 106.45 and Rs. 98.90 respectively. The current market cap of the company is Rs. 14862.05 crore.
The promoters holding in the company stood at 78.55%, while Institutions and Non-Institutions held 12.00% and 9.45% respectively.
Canara Bank is planning to raise up to Rs 5,000 crore equity capital through various modes in the current fiscal year (FY21) to boost its capital adequacy ratio. In view of certain expansion plans of the bank, the implementation of Basel III norms, and consequent capital charge, there is a need to increase the capital to further strengthen the capital adequacy ratio. The bank will seek shareholders’ nod at the annual general meeting (AGM) to be held on August 10, 2020 through audio/visual means in view of the coronavirus pandemic.
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.