Canara Bank may touch RS 470-480: Vishal Malkan

Vishal B Malkan of malkansview.com told CNBC-TV18, "PSU banks are showing some strength in the last couple of trading sessions like Oriental Bank, Canara Bank. So, I will go with Canara Bank with a good breakout on upside breaking the range of Rs 440 on upside with a stoploss of Rs 425 for targets of around Rs 470-480 in the next three to four trading sessions."

At 13:32 hrs Canara Bank was quoting at Rs 444, up Rs 4.30, or 0.98 percent on the BSE.

The share touched its 52-week high Rs 498 and 52-week low Rs 209 on 09 June, 2014 and 14 February, 2014, respectively.