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Canara Bank Share Price Target: Canara Bank's stock is seeing a decline of more than 2 percent in Tuesday's trading. The company's stock is trading at Rs 107.05 on BSE at around 3 pm, down by Rs 2.55 or 2.33 percent. The bank's market cap at this price is Rs 97,282.73 crore. Canara Bank's stock has fallen by 8.7 percent in the last one month. Although the stock has grown a lot in the last one year, it has been falling for the last few days. Now what is the opinion of market experts on the stock, know further.
Advice to hold
Talking to ET Now Swadesh, a market expert said that apart from SBI, Canara Bank's stock is also good among PSU banking stocks. The day-moving average (DMA) of the stock is 200. He has advised me to HOLD it for the long term.
no chance of a fall
According to market experts, there is no possibility of a huge fall in Canara Bank's stock till it does not go below Rs 104. He said that if it crosses the level of Rs 114 to Rs 115, then there will be a good opportunity to buy it.
Disclaimer: The equity market is risky, so invest at your own risk. Before investing, take expert advice. The advice given here is based on the report of ET Now Swadesh and the opinion on the stock is based on the information given to ET Now Swadesh by market experts. Times Now Navbharat.com is not giving any advice on investment.
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