Buy Canara Bank, target price Rs 94: Suruchi Kapoor

Suruchi Kapoor of Edelweiss Financial Services has a buy call on Canara Bank with a target price of Rs 94.0 . The current price of Canara Bank is Rs 83.95 Time period given by the analyst is Intra Day when Canara Bank price can reach defined target. . Suruchi Kapoor recommended to keep a stoploss at Rs 80.5 .

Canara Bank share price moved up by 3.07 per cent from its previous close of Rs 81.45. Canara Bank stock last traded price is Rs 83.95.

Investment Rationale


The stock is tradng abpve parabolic SAR and short-term momentum oscillator gave a positive crossover.

Promoter/FII Holdings

Promoters held 78.55 per cent stake in the company as of April 1, 2020 while FIIs held 2.6 per cent, DIIs 10.29 per cent and public & others 8.56 per cent.