Canara Bank Share Price Target From 2024 to 2030: Investing in shares calls for informed selections primarily based on thorough research and professional assessment. When thinking about Canara Bank stocks, you, indeed, are in the right place. This weblog will provide a fresh outlook on the Canara Bank percent charge intention from 2024 to 2030. Our review is essentially grounded on the company’s growth, overall performance, and imaginable future structures and will certainly, therefore, guarantee acquiring the pros and cons to make a sound investment decision.
What Is Canara Bank?
Canara Bank is a respected and top-ranked public sector bank in India, which was set up in 1906. The bank has been offering a comprehensive mix of financial services including personal banking, corporate banking, and investment banking alongside having a large network of branches and ATMs throughout the country.
Overview of Canara Bank Share Price
Canara Bank conducts the banking sector by offering personalized and comprehensive banking solutions to all the individuals, businesses, and governmental entities. The bank made a place for itself in the Indian banking sector and it is a major contributor to the economic development.
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- MARKET CAP: ₹95.19KCr
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- OPEN: ₹105.11
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- HIGH: ₹106.30
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- LOW: ₹104.70
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- P/E RATIO: 6.12
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- DIVIDEND YIELD: 3.06%
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- 52 WEEK HIGH: ₹128.90
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- 52 WEEK LOW: ₹68.42
Canara Bank Share Price Target (2024-2030)
Canara Bank stocks have displayed consistent growth over time. Here is a general review of the past historical performances:
| YEAR | SHARE PRICE TARGET |
|---|---|
| 2024 | ₹150 |
| 2025 | ₹210 |
| 2026 | ₹290 |
| 2027 | ₹450 |
| 2028 | ₹570 |
| 2029 | ₹656 |
| 2030 | ₹740 |
How to Purchase Canara Bank Share Price
Besides Zerodha, Upstox, Groww, and Angel One, there are other marketplaces that allow trading and provide opportunities for purchasing Canara Bank shares.
Peer Companies For Canara Bank Share Price
Canara Bank is also in competition with other financial institutions in the financial field such as:
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- State Bank of India
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- Punjab National Bank
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- Bank of Baroda
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- ICICI Bank
Investor Types and Ratios For Canara Bank Share Price
Understanding the investor composition permits in assessing the stableness and growth potential of Canara Bank.
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- Promoters: 62.93%
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- Retail And Others: 13.96%
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- Foreign Institutions: 11.91%
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- Other Domestic Institutions: 7.71%
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- Mutual Funds: 3.49%
Advantages and Disadvantages For Canara Bank Share Price
Advantages For Canara Bank Share Price:
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- Wide network of branches and ATMs.
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- Comprehensive bank and financial services are provided by the government.
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- Variety in banking and financial services.
Disadvantages For Canara Bank Share Price:
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- Forced-Non-Performing Assets (NPAs) are exposed.
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- Mounting competitiveness in banking industries.
FAQ For Canara Bank Share Price
Who is the proprietor of Canara Bank?
Canara Bank is a public-sector bank, the majority of the shares of which are held by the Indian government.
Should I spend money on Canara Bank Share right now?
Considering its stable expansion, consistency of financials, and government backing, Canara Bank shares are an attractive option for the long term. Still, buyers should remember the threats linked to NPAs and competition.
What is the future growth for Canara Bank?
Canara Bank is concentrating on enhancing its offerings through adding digital solutions and reducing the amounts of subpar assets, thus, that would confer them big future gains.
Conclusion
Canara Bank is a significant name in the banking sector, sturdy monetary health and beneficial future prospects. According to our analysis, we can conclude that it is quite probable to have the Canara Bank shares performance top-notch in the next years. Certainly, an investment in Canara Bank is likely to yield positive outcomes in the long term.