The block deal constituted 0.12% of the company's equity.Meanwhile, the BSE Sensex was up 105.08 points, or 1.08%, to 9,820.37.On BSE, 6.53 lakh shares were traded in the counter. The stock had an average daily volume of 1.58 lakh shares in the past one quarter.The stock hit a high of Rs 174.50 and a low of Rs 165.65 so far during the day. The stock hit a 52-week high of Rs 421.45 on 3 January 2008 and a 52-week low of Rs 135 on 27 October 2008.
The mid-cap bank stock had underperformed the market over the past one month till 17 December 2008, falling 5.96% as compared to the Sensex's return of 4.57%. It had outperformed the market in the past one quarter, declining 19.02% as compared to the Sensex's decline of 26.75%.The bank's current equity is Rs 410 crore. Face value per share is Rs 10.
The current price of Rs 173 discounts the bank's Q2 September 2008 annualized EPS of Rs 51.65, by a PE multiple of 3.35.Canara Bank's net profit rose 31.8% to Rs 529.43 crore on 9.7% increase in operating income to Rs 4447.97 crore in Q2 September 2008 over Q2 September 2007.
The bank provides a full range of banking and other financial services through 2,575 branch offices in India and London. The services include accepting deposits, commercial and institutional credit, treasury, forex, investment, risk management and other related financial services.The Government of India holds 73.17% stake in the bank (as on 30 September 2008).
No comments:
Post a Comment