Canara Bank Share Price Target From 2024 to 2030

At my job, it is my philosophy that there are no words of substitute when shares are concerned, so it is better to take informed decisions based on the personal background along with expert analysis. If you are thinking of a Canara Bank stock purchase, you have reached the right destination. In this analysis, I will provide a comprehensive breakdown of the Canara Bank share price target from 2024 to 2030. Through my view which is based on the company's growth, overall performance, and future opportunities, I give you the information that will guarantee that you take a correct investment decision.

What Is Canara Bank?

Canara Bank was brought into existence in 1906 and it is one of the old and the biggest public sector banks in India. The bank offers a wide range of financial services and products, including personal banking, corporate banking, and investment banking, and has an extensive network of branches and ATMs across the country.

Overview of Canara Bank Share Price

Canara Bank is one of the banking sector operators that provide banking and financial solutions to individuals, businesses, and government entities. The bank is a dominant player in the Indian banking industry and performs a vital role in the country's overall financial ecosystem.

• MARKET CAP: ₹95.19KCr


• OPEN: ₹105.11


• HIGH: ₹106.30


• LOW: ₹104.70


• P/E RATIO: 6.12


• DIVIDEND YIELD: 3.06%


• 52 WEEK HIGH: ₹128.90


• 52 WEEK LOW: ₹68.42

Canara Bank Share Price Target (2024-2030)

For so many years Canara Bank has been a role model in the market, growing gradually and steadily up to date. Here is a summary of the projected performance:

How to Purchase Canara Bank Share Price

You can buy Canara Bank shares through various trading platforms such as Zerodha, Upstox, Groww, and Angel One. Also, it is important to mention that a demat account and the KYC process will be required before one can start trading.

Peer Companies For Canara Bank Share Price

Canara Bank has many competitors in the financial sector, some of which are listed below:

• State Bank of India


• Punjab National Bank


• Bank of Baroda


• ICICI Bank

Investor Types and Ratios For Canara Bank Share Price

By understanding the ownership structure we are able to get a good idea of the bank’s stability and growth possibilities.

• Promoters: 62.93%


• Retail And Others: 13.96%


• Foreign Institutions: 11.91%


• Other Domestic Institutions: 7.71%


• Mutual Funds: 3.49%

Advantages and Disadvantages For Canara Bank Share Price

Advantages For Canara Bank Share Price:

• Large network of branches and ATMs.


• Strong support and backing by the government.


• Broad spectrum of banking and financial services.

Disadvantages For Canara Bank Share Price:

• Exposed to non-performing assets (NPAs).


• Fierce rivalry among the bank market players.

FAQ For Canara Bank Share Price

Who is the owner of Canara Bank?

Canara Bank is a public sector bank mainly owned by the Government of India. The government has a high stake in the bank which gives it a strong backing and support.

Should I invest in Canara Bank Share right now?

The continuous growth, strong financials, and the government support of the bank make Canara Bank the best investment for those with a long term view. Nevertheless, it is not without its downsides, the risks of NPAs and the very tough competition in the banking sector must also be taken into account. Before you venture into investing, it is better to seek advice from a financial advisor.

What is the future growth of Canara Bank?

Canara Bank's main work is to involve in expanding its range of services, better digital banking services that are more secure besides improving asset quality thus hinting at a notable growth soon. The bank is very active in schemes and programs formulated by the government, such as financial inclusion, digital India, and thus its contribution to the overall growth of the Indian financial industry is enormous.

Conclusion

In sum, as far as banking is concerned, Canara Bank is a heavyweight contender that boasts of both solid finances and bright prospects. Based on my expert assessment, Canara Bank shares are expected to perform well in the coming years. A good decision in regards to investments could be bold long-term investor backing Canara Bank who manages to cope with the risks encountered in the banking industry. But just like all types of investments, you must research and assess your personal economic objectives and risk tolerance first before deciding to make any investment.

Disclaimer: This article is written for informational purposes only, do not consider it as any investment advice.