Buy Canara Bank, target Rs 380: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Canara Bank with a target price of Rs 380.

The current market price of Canara Bank is Rs 371.10.

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

Manas Jaiswal recommended to keep a stop loss at Rs 365.

Canara Bank, incorporated in the year 1996, is a banking company (having a market cap of Rs 21,807.06 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.