Buy Canara Bank, target Rs 338: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Canara Bank with a target price of Rs 338.

The current market price of Canara Bank is Rs 317.20.

Time period given by the analyst is intraday when Canara Bank price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 308.

Canara Bank, incorporated in the year 1996, is a banking company (having a market cap of Rs 18,946.04 Crore).

Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 29,585.67 Crore to Sales Value (71.48 per cent of Total Sales), Income From Investment which contributed Rs 10711.29 Crore to Sales Value (25.88 per cent of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 768.20 Crore to Sales Value (1.85 per cent of Total Sales) and Interest which contributed Rs 322.49 Crore to Sales Value (0.77 per cent of Total Sales)for the year ending 31-Mar-2017.