Sell Canara Bank, target Rs 302.0 : Sameet Chavan

Sameet Chavan of Angel Broking has a sell call on Canara Bank with a target price of Rs 302.0 . The current market price of Canara Bank is Rs 315.25 Time period given by analyst is week when Canara Bank price can reach defined target. Sameet Chavan recommended to keep stoploss at Rs 323.5.
Canara Bank, incorporated in the year 1996, is a banking company (having a market cap of Rs 18886.31 Crore).

Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 29585.67 Crore to Sales Value (71.48 % of Total Sales), Income From Investment which contributed Rs 10711.29 Crore to Sales Value (25.88 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 768.20 Crore to Sales Value (1.85 % of Total Sales) and Interest which contributed Rs 322.49 Crore to Sales Value (0.77 % of Total Sales)for the year ending 31-Mar-2017.