Canara Bank

interesting observations

Posted by : rk2009
Price when posted : BSE: Rs 384.90 ( 3.82 % ), NSE: Rs. 385.20 ( 3.76 % )

It is interesting to note how our PSU banks are poised now.
BANK PE EPS NET SALES
SBI 14.57 158 64KCR
PNB 7.94 115 19K CR
CAN 5.47 70.30 17KCR
DENA 4.86 17.13 3KCR
IT IS CLEAR THE INVESTORS ARE GOING FOR HIGHER PE based on sales contribution high for SBI.But sbi already topped the iNDUSTRY pe ON GOING CORRECTION.pnb HAS EXCELLENT CHANCE OF GROWTH.
when it come to CNARA the merger makes the sales equal to PNB that means it has to equalPE of PNB 8. inthat ratio the dena should go to 125 level soon before merger rationo announced.I wish some seniors discuss who has interst in this counter....
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RESISTANCE N SUPPORT LEVEL FOR 24.11.09

Posted by : sankarantpr
Price when posted : BSE: Rs 370.75 ( -0.07 % ), NSE: Rs. 371.25 ( 0.11 % )

RESISTANCE N SUPPORT LEVEL FOR 24.11.09

R1 375.85 R2 381.65 R3 386.55

PIVOT 370.95

S1 365.15 S2 360.25 S3 354.45...

Canara & Dena bank Merger

Posted by : vinitpsgupta
Price when posted : BSE: Rs 371.00 ( 4.15 % ), NSE: Rs. 370.85 ( 4.04 % )

Will lead canara 600+ in 4-6 months , Dena could be shorted at around 80-85....

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 356.20 ( -2.37 % ), NSE: Rs. 356.45 ( -2.10 % )

as predicted down-we will c sub 350 levels tomm- buy around 320 patience is the key for lt...

Heading

Posted by : srbhj
Price when posted : BSE: Rs 379.00 ( 0.50 % ), NSE: Rs. 379.80 ( 0.61 % )

I suppose for another 2-4 months the stock will remain at 380-390 levels, since that is the pattern it has always created. Then there may be a sharp rise again..may be it cross the levels of 450....

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 377.10 ( -2.27 % ), NSE: Rs. 377.50 ( -2.10 % )

the risk reward ratio is not favourable for buy-earlier guys hold...

Accumulation On

Posted by : gautys
Price when posted : BSE: Rs 375.05 ( -1.65 % ), NSE: Rs. 377.00 ( -1.15 % )

The stock is getting accumulated between 350-380 for future rise. keep eye on this stock on daily basis shall burst any monent and touch 420-430....

buy on dips

Posted by : NAUGHTY007
Price when posted : BSE: Rs 341.20 ( 1.49 % ), NSE: Rs. 341.35 ( 1.08 % )

buy on dips on tuesday/wed below 300 specially if USA is down on monday -also as carnage of 100 pts in nifty maybe seen...

Heading

Posted by : srbhj
Price when posted : BSE: Rs 332.00 ( -2.21 % ), NSE: Rs. 331.65 ( -2.31 % )

With EPS of appx. 70 and PE of 5 the stock is really available at discount and should be bought.
Disclaimer: I have Canara in my portfolio....

CANARA BANK Q2 Numbers Out

Posted by : Sameer1
Price when posted : BSE: Rs 363.00 ( -4.07 % ), NSE: Rs. 362.50 ( -4.24 % )

Because 70 % of its additional profits are fro treasury gains (non cash) and actually their NPAs have gone up......the increase in NII and general profitability is good, but the market had already discounted it...expect a lackluster sideways movement from here on. A good stock though...

CANARA BANK Q2 Numbers Out

Posted by : traghu77
Price when posted : BSE: Rs 363.80 ( -3.86 % ), NSE: Rs. 363.30 ( -4.03 % )

...but still its receiving a beating!!!Why?!!...

CANARA BANK Q2 Numbers Out

Posted by : Guest
Price when posted : BSE: Rs 366.25 ( -3.21 % ), NSE: Rs. 365.45 ( -3.46 % )

dear pms.

can u just guide me where do u get the live news like corporate announcements just like canara bank qtly news. your announcement is so much earlier than most of the reputed sites. pls oblige
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NSE Announcements on Canara Bank

Posted by : MMB Messenger
Price when posted : [Canara Bank - BSE:Rs. 371.75 NSE:Rs. 174.30 when posted]

CANARA BANK has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Interest earned of Rs. 926754 lacs for the half year ending on 30-SEP-2009 against Rs. 783974 lacs for the half year ending on 30-SEP-2008. Interest expended of Rs. 666238 lacs for the half year ending on 30-SEP-2009 against Rs. 567158 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 146585 lacs for the half year ending on 30-SEP-2009 against Rs. 65211 lacs for the half year ending on 30-SEP-2008....

NSE Announcements on Canara Bank

Posted by : MMB Messenger
Price when posted : [Canara Bank - BSE:Rs. 371.75 NSE:Rs. 174.30 when posted]

CANARA BANK has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Interest earned of Rs. 470916 lacs for the quarter ending on 30-SEP-2009 against Rs. 410920 lacs for the quarter ending on 30-SEP-2008. Interest expended of Rs. 339549 lacs for the quarter ending on 30-SEP-2009 against Rs. 296023 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 91052 lacs for the quarter ending on 30-SEP-2009 against Rs. 52943 lacs for the quarter ending on 30-SEP-2008....

BSE Announcements on Canara Bank

Posted by : MMB Messenger
Price when posted : [Canara Bank - BSE:Rs. 371.70 NSE:Rs. 174.30 when posted]

Canara Bank has announced the following Unaudited results for the quarter ended September 30, 2009:

The Bank has posted a net profit of Rs 9105.20 million for the quarter ended September 30, 2009 as compared to Rs 5294.30 million for the quarter ended September 30, 2008. Total Income has increased from Rs 44479.70 million for the quarter ended September 30, 2008 to Rs 56021.00 million for the quarter ended September 30, 2009. ...