Canara Bank Share Price History from 2002 to 2023

In this article, you will find the details of Canara Bank Share Price History. Additionally, we will provide important fundamental details about Canara Bank Shares.

Canara Bank Share Price History

In the early 2000s, Canara Bank embarked on a financial journey that would see dramatic ups and downs over the next two decades. Starting at a modest ₹48.20 in 2002, the bank’s value soared to a whopping ₹136.25 the following year, marking an incredible growth of 182.6%.

This meteoric rise continued, with the bank’s value peaking at ₹642.20 by 2010, which witnessed consistent and impressive year-on-year growth. The bank was flourishing, and it seemed like nothing could halt its upward trajectory.

However, the financial landscape is always unpredictable. Post-2010, Canara Bank faced turbulent times, experiencing significant declines in some years, such as the 44.8% drop in 2011 and the steep 48.1% fall in 2015. External market forces, policy changes, and global economic shifts played roles in these fluctuating fortunes.

But resilience is the hallmark of any established institution. By 2021, the bank started to regain momentum, registering a 55% growth, followed by an impressive 66.6% rise in 2022. As of 2023, Canara Bank stands strong at ₹380.80, showcasing its ability to navigate challenges and emerge stronger.

Also Read: SBI Share Price History from 1995

About Canara Bank

Canara Bank, one of India’s oldest and most reputable banking institutions, was established in 1906. Originating in the coastal city of Mangalore, the bank was the brainchild of Shri Ammembal Subba Rao Pai, a visionary who aimed to serve the banking needs of the local community.

Over the years, Canara Bank has built a legacy of trust and reliability. Its foundation is built on its commitment to customer service, innovative banking solutions, and a robust network that spans not only across India but also internationally.

In the digital age, Canara Bank has embraced technology to offer a seamless banking experience to its customers. Their digital initiatives include online banking, mobile banking apps, and various digital payment solutions catering to the needs of a diverse clientele.

Furthermore, the bank has been instrumental in many social initiatives, aligning with the government’s vision for financial inclusion. This includes opening rural branches and offering specialized schemes for the underprivileged. Today, Canara Bank stands not just as a banking giant but as an institution that has played a pivotal role in the financial empowerment of millions.

Fundamentals of Canara Bank

Here are some primary fundamental data about Canara Bank (until 2023):

Market Cap:

Canara Bank boasts a substantial market capitalization of 690.821B, highlighting its significant presence in the financial sector and its considerable influence in the market.

PE Ratio (TTM):

With a Price-to-earnings (PE) Ratio of 4.97, it suggests that investors are paying 4.97 times the earnings of Canara Bank for each share they own. This ratio can give an insight into the company’s valuation relative to its earnings.

EPS (TTM):

The bank’s Earnings Per Share (EPS) for the trailing twelve months (TTM) stands at 76.66. This measure indicates the bank’s profitability on a per-share basis.

Earnings Date:

Canara Bank is scheduled to announce its earnings between January 22, 2024, and January 26, 2024. This period will be crucial for investors as they will gain insights into the bank’s financial performance and prospects.

Forward Dividend & Yield:

Investors in Canara Bank can expect a forward dividend of 12.00, which translates to a yield of 3.15%. This showcases the bank’s intention to return value to its shareholders.

Ex-Dividend Date:

The last date by which investors needed to hold Canara Bank shares to receive the dividend was on June 14, 2023. This is termed as the Ex-Dividend Date.

1y Target Est:

The estimated target price for Canara Bank’s stock over a one-year horizon is 390.86. This gives investors an idea of where financial analysts believe the stock’s price may move in the coming year.

(Disclaimer: The information is presented ‘as is’ and is intended solely for educational and informational purposes, not for trading decisions or professional advice. We strongly advise conducting your own thorough research before making any investment.)

Questions and Answers about Canara Bank