Canara Bank
CANBK.NS
₹129.53
▼ 1.20%
Canara Bank slipped 1.20% after news that it raised its MCLR by 5 basis points across most tenors effective August 12, taking the one-year rate to 8.80% from 8.75% — a move that comes just a week after the RBI held the repo rate steady at 5.25%. Adding to the noise, the RBI slapped a ₹1.49 lakh penalty on the bank on August 10 over remittance and counterfeit-note discrepancies. Despite trading at a low PE of 6.17x, the stock has struggled recently, down 11.2% over the past six months even as it's still up 20.8% over the last year. Twenty analysts maintain an average target of ₹150.40 against the current price of ₹129.53, with a "buy" consensus.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 18.47% | 8.58% | 32.72% | 9.66% |
Analyst Consensus
Average Target Price: ₹150.40 (range ₹103.00 - ₹170.00) based on 20 analysts
Strong Buy: 5
Buy: 12
Hold: 1
Sell: 1
Strong Sell: 1
Related News
| Aug 11, 2026 | Canara Bank Says One Year MCLR Raised To 8.80% From 8.75% From Aug 12 |
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