Buy Canara Bank with a target at Rs 209: Hemen Kapadia

Hemen Kapadia of KRChoksey Securities is positive on Canara Bank. The expert has advised traders to buy the stock for a target of Rs 209 in trade on Tuesday. One should place a stop loss at Rs 200, Kapadia said. The banking stock has returned 7 per cent in the past one month. This is against a 4.79 per cent rise IOB and 15-17 per cent gains in Indian Bank and UCO Bank.