Canara Bank recently came out with a healthy set of December quarte results. Its guidance for NIMs was at 2.9-3 per cent, as it sees better cost management and portfolio mix, including the high-yielding RAM segment.
Canara Bank stock surged 3.70% to a 52 week high of Rs 520 in early trade. However, the Canara Bank stock is still undervalued at this level. Its PE stands at 6.39 compared to the sectoral PE of 14.36.
Canara Bank’s daily trend is bullish to sideways. The RSI for daily are showing bullish momentum, however the RSI for monthly and weekly is showing bullish momentum. Based on option chain analysis, the range is between 420 and 500. Let’s plan a trade around this.
Naresh Goyal, the founder of Jet Airways, pleads in court with 'folded hands' that he has 'lost every hope of life' amid the alleged Rs 538 crore fraud case. Goyal, who is currently in judicial custody, presents a grim picture of his physical health and personal life, including his wife's battle with cancer.