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 stock: Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 37,597,600 shares or 2.04 per cent in the public sector lender as on September 30. She has kept her stake unchanged in the bank for the last three quarters.