BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Canara Bank
Canara Bank's Q1 profit of Rs 230 crore was above expectation largely because of write-backs of Rs 130 for Uday bonds and Punjab food credit. Slippages remained elevated at Rs 3,900 crore and the bank's SMA-2 exposure increased sharply to Rs 9,800 crore against Rs 5,500 crore in Q4.