CANBK.NSE Canara Bank
616
548.50
3.25
(0.60%)
| Watchers | 616 |
| 52-Wk Low | 291.35 |
| 52-Wk High | 632.90 |
| Market Cap | 994.42B |
| Volume | 7.77M |
| 52-Wk High | 632.90 |
| 52-Wk Low | 291.35 |
Nifty PSU Bank index rallies 2.5% as public lenders may oppose RBI's proposed norms on infra project financingMoneycontrol • 3 days ago
Analysts at Macquarie said that the RBI's proposed norms are 'onerous' and, if implemented, they can dampen recovery in project finance or capex cycle.
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The top laggards on the Nifty PSU Bank index were Punjab National Bank, Canara Bank, Bank of Baroda and Union Bank, all slumping over four percent
Public-sector lenders will be disproportionally impacted if RBI's guidelines are implemented, since they have a higher exposure to infrastructure loans.
The board approved stock split to improve liquidity of Canara Bank's shares and make them more accessible for retail investors
The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
Bajaj Finance extended uptrend for seventh consecutive session. With last Thursday's strong run, the stock firmly got back above all key moving averages and formed long bullish candlestick pattern on the daily timeframe with robust volumes.
Canara Robeco Asset Management Company will be the fifth listed mutual fund house if it gets listed on the bourses.
Expected time of completion for stock split is 2-3 months, said Canara Bank
Considering the overall chart structure, there is an anticipation of short-term rangebound sentiments.
BEML formed long bullish candlestick pattern on the daily timeframe with above average volumes, while the stock traded well above all key moving averages. Further it has been in higher highs, higher lows formation since after October lows.