Canara Bank is a public sector bank based in India. It is one of the oldest and largest banking institutions in the country. The bank was founded in 1906 and has since grown to become one of the leading banks in the country. The bank is also one of the biggest employers in India, with over 86,000 employees.
The bank provides a range of banking services such as corporate banking, retail banking, wealth management and more. The bank also has a network of over 6,310 branches and more than 8850 ATMs across the country.
Stock History of Canara Bank
Canara Bank’s stock has been trading on the National Stock Exchange of India since 2000. Since then, the stock has seen highs and lows, with its price reaching a peak of Rs. 765 in 20011, and a low of Rs. 150 in 2011. In recent years, the stock has seen an upward trend and has been trading above Rs. 300 since 2017.
Canara Bank in recent news
- Canara Bank crosses the business mark of Rs 20 lakh crore, but stock is down by 6.54%
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Canara Bank Defies Trend, Decreases Lending Rates by 15 Basis Points Following RBI’s Repo Rate Increase.
How to buy Canara Bank Share?
Canara Bank’s stock can be bought through a broker on the National Stock Exchange of India. Investors need to open a Demat and Trading account with a SEBI-registered broker and transfer funds to the account. Once funds are transferred, investors can place an order to buy Canara Bank shares. The broker will execute the order at the best available price and the shares will be credited to the investor’s Demat account. Some of the online platforms to buy Canara Bank shares are Zerodha, Upstox and 5Paisa.
Canara Bank Share Price Prediction 2023-2030
Canara Bank is currently trading at ₹ 316 at the time of writing with a market cap of ₹ 57,354 Crore. Having a CAR of 13.69 %, it has a good potential to grow in the coming years.
Canara Bank Share Price Target 2023 is 425.60 INR
| When | Maximum Price | Minimum Price |
| February 2023 | ₹311.00 | ₹280.00 |
| March 2023 | ₹287.92 | ₹233.01 |
| April 2023 | ₹261.71 | ₹201.31 |
| May 2023 | ₹238.09 | ₹197.76 |
| June 2023 | ₹261.71 | ₹201.31 |
| July 2023 | ₹314.05 | ₹241.58 |
| August 2023 | ₹345.45 | ₹265.73 |
| September 2023 | ₹362.73 | ₹279.02 |
| October 2023 | ₹345.45 | ₹265.73 |
| November 2023 | ₹380.00 | ₹292.31 |
| December 2023 | ₹425.60 | ₹327.38 |
Canara bank share price prediction suggest CANBK could be bearish for the first five months, and then go up in the next 7 months.
Considering all the factors that could possibly affect the share price of Canara Bank, we predicted and calculated that the share price could reach ₹425.60 by the end of 2023.
Minimum price Canara bank share price could drop to in 2023 is ₹197.76 in the month of May.
Canara Bank Share Price Target 2024 is 595.86 INR
| When | Maximum Price | Minimum Price |
| January 2024 | ₹448.00 | ₹344.61 |
| February 2024 | ₹503.37 | ₹419.47 |
| March 2024 | ₹529.86 | ₹430.78 |
| April 2024 | ₹481.69 | ₹370.53 |
| May 2024 | ₹401.41 | ₹308.78 |
| June 2024 | ₹481.69 | ₹370.53 |
| July 2024 | ₹409.44 | ₹317.39 |
| August 2024 | ₹450.38 | ₹357.45 |
| September 2024 | ₹472.90 | ₹363.77 |
| October 2024 | ₹556.35 | ₹427.96 |
| November 2024 | ₹584.17 | ₹449.36 |
| December 2024 | ₹595.86 | ₹458.35 |
As Canara Bank is performing well and is expected to maintain the same in the coming year, we could predict the price optimistically and by doing the same we can see Canara bank share price reach ₹595.86 by the end of 2024. The minimum price Canara bank share price could drop in 2024 is ₹308.78.
Canara Bank Share Price Target 2025 is 722.78 INR
| When | Maximum Price | Minimum Price |
| January 2025 | ₹607.77 | ₹467.52 |
| February 2025 | ₹639.76 | ₹492.12 |
| March 2025 | ₹671.75 | ₹516.73 |
| April 2025 | ₹599.78 | ₹461.37 |
| May 2025 | ₹545.25 | ₹419.42 |
| June 2025 | ₹599.78 | ₹461.37 |
| July 2025 | ₹571.21 | ₹439.40 |
| August 2025 | ₹595.02 | ₹457.70 |
| September 2025 | ₹624.77 | ₹480.59 |
| October 2025 | ₹662.25 | ₹509.42 |
| November 2025 | ₹708.61 | ₹545.08 |
| December 2025 | ₹722.78 | ₹555.99 |
2025 looks bullish for Canara bank. If everything goes fine with the bank in the coming years, by 2025, the share price could reach ₹722.78 for Canara Bank.
Maximum Canara bank share price target for 2025 is ₹722.78 while the minimum possible target is ₹419.42.
Canara Bank Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹505.95 | ₹354.16 |
| 2027 | ₹430.06 | ₹301.04 |
| 2028 | ₹774.10 | ₹541.87 |
| 2029 | ₹1,590.12 | ₹1,113.08 |
| 2030 | ₹1,770.82 | ₹1,239.57 |
After reaching Rs. 722 in the last month of 2025, the market will fall for continuously for 2 years will fall as low as Rs. 301.04 in 2027. However, the share prices will close at Rs. 430.06 in 2027.
In 2028, the bull run will take the prices to almost double and the prices will jump up to Rs. 774.10 by the end of 2028. Again, next year will be bullish and will take the prices to Rs. 1,590 in 2029. The price will cross the mark of Rs. 1,700 in 2030 and is expected to close the year at Rs. 1,770.82.
Canara Bank Financial Condition: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |||
| Sales | 41,345.32 | 47,951.10 | 49,758.75 | 70,253.27 | 70,613.79 | |||
| Expenses | 25,582.04 | 27,202.14 | 26,808.56 | 43,437.36 | 41,235.36 | |||
| Operating Profit | 15,763.28 | 20,748.96 | 22,950.19 | 26,815.91 | 29,378.43 | |||
| Other Income | 7,398.00 | 9,907.16 | 11,799.40 | 23,086.18 | 23,643.10 | |||
| Depreciation | 456.33 | 428.83 | 445.91 | 838.04 | 841.05 | |||
| Interest | 29,112.90 | 32,338.69 | 35,817.19 | 45,182.50 | 43,035.47 | |||
| Profit before tax | -6,407.95 | -2,111.40 | -1,513.51 | 3,881.55 | 9,145.01 | |||
| Tax | -2,320.62 | -2,658.55 | 509.00 | 1,179.57 | 3,349.91 | |||
| Net profit | -3,951.40 | 601.85 | -1,986.43 | 2,890.60 | 6,124.82 | |||
| EPS | -53.89 | 7.99 | -19.28 | 17.55 | 33.76 | |||
| Price to earning | -4.90 | 36.46 | -4.69 | 8.67 | 6.75 | |||
| Price | 263.90 | 291.30 | 90.50 | 152.20 | 227.75 | |||
| RATIOS: | ||||||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 19.25% | |||
| OPM | 38.13% | 43.27% | 46.12% | 38.17% | 41.60% |
Canara Bank Share Price Target by Experts
Canara Bank Share Price target by Motilal Oswal
Canara Bank Receives Buy Recommendation from Motilal Oswal with a Target Price of Rs. 410 per Share
Canara Bank Share Price target by Emkay Global
Brokerage Firm Emkay Global Issues Buy Recommendation for Canara Bank with a Target Price of Rs. 385 per Share
FAQs
Will Canara Bank share price grow in 2023?
As the growth of any company depends on a number of factors such as the bank’s performance, government policies, the macroeconomic environment, market sentiments and many more. Considering these factors, Canara bank is expected to see a growth in the coming years and hence we could expect a growth in share price of Canara bank in 2023.
What future is anticipated for Canara Bank Share in 2025?
It is difficult to predict the exact price of Canara Bank shares in 2025. However, based on current market trends and the bank’s performance, it is likely that the stock will continue to grow in the coming years. The bank has been performing well and is likely to continue to do so in the future. Therefore, it is expected that the stock price of Canara Bank will increase in the next few years.
Almost the whole decade is looking optimistic for this PSU bank as the bank is currently performing well and likely to maintain the same. Moreover, the government is looking supportive of the uprise of left PSU banks. Therefore, we can see a rise in the price of Canara Bank’s shares by 2025 and according to our prediction and calculation, it will reach ₹722 by the end of 2025.
Can the Bank of Baroda share price reach Rs. 2,000?
It‘s tough to tell exactly what the price of Bank of Baroda stocks will be in the future. But based on current market trends, it‘s feasible that the stock price could hit Rs. 2,000 in the future. The stock has been doing well recently and is likely to keep doing so in the future. Thus, it‘s possible that the Bank of Baroda‘s stock price could reach Rs. 2,000 in the future after 2030.
What is the Canara Bank share price target 2030?
Canara bank could reach ₹1,770.82 by the end of 2030. Minimum possible target is ₹1,239.57. If we compare with today’s price, we can see it could go up by more than 6times.
Conclusion: Can CANBK reach 1000INR?
In conclusion, Canara Bank is one of the oldest and largest banks in India and has a network of over 6,310 branches and 8850 ATMs across the country. The bank’s stock has seen highs and lows in recent years and is currently trading above Rs. 300.
From our prediction of Canara bank share price upto 2030, we can see CANBK could reach Rs.1000 per share by 2029. If all things go well, Canara bank’s stock price could also reach Rs. 2,000 in the future (by 2040).
The best time to buy Canara bank shares is May 2023. In other words, according to me, Canara bank share is a good buy option when it is around 200INR. One can start accumulating Canara bank shares in small amount.
Disclaimer: Canara bank share price target 2023 to 2030 is an opinion and not a financial advice. You are advised to do your own research and/or consult a financial advisor before investing in Canara bank shares.
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