Canara Bank Share Price Target 2025, 2026, 2027, 2030, 2040, 2050| Target Rs. 7000/-

Canara Bank – Company Overview

      Canara Bank playing a major role in the Indian banking sector. It was founded in 1906 by Shri Ammembal Subba Rao Pai in Mangalore, Karnataka. In this article we will complete discussing about its fundamental and exception growth of future and will find out its target for next coming year for 2025, 2026, 2027, 2030, 2040 and 2050 

     Over its long history, the bank has undergone trans formative phases and achieved milestones such as launching inter-city ATM networks and obtaining ISO certification. Canara Bank established the first Mahila Banking Branch and pioneered credit card facilities for farmers and consultancy services in agriculture.

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 Segment Analysis

• Retail Segment: Canara Bank emphasizes its retail segment, offering various loans including housing, vehicle, education, and personal loans. Notable growth was seen across all subdivisions in FY 2023.
• Agriculture Segment: The bank focuses on credit delivery to the agricultural sector, with significant advances totaling 211,562 crores covering over 1.23 crore accounts.
• Micro Small & Medium Enterprises (MSMEs): Another priority segment for Canara Bank, with advances reaching 1,23,627 crores in FY 2023 as 3.87% increase from the previous year.

Canara Bank Competitors:

• Union Bank of India
• State Bank of India
• HDFC Bank
• ICICI Bank
• Bank of Baroda

Fundamental  of Canara Bank

Fundamental Ratios	Amount
Market Cap	Rs 1,09,446 Cr
Sector Return	75.98%
Market Return	26.92%
1 year Return	103.73%
Valuation Ratio	7.81
PE Ratio	1.29
Price to Book Value	0.15
PEG Ratio	16.56%
ROE (Latest)	0.95%
ROA (Latest)	Growth
Net NPA to Book Value	Finance
Dividend	1.99%

Future Plans

Canara Bank plans to launch an End-to-end Digital Lending System and enhance customer feedback options at ATMs. Introduction of UPI International Acquirer and UPI Lite Acquirer to facilitate international payments and small value transactions offline.

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Shareholding of Canara Bank

Shareholdings Patterns	Mar 24	Dec 23
Promoters	62.93%	62.93%
FIIs	10.55%	11.21%
Mutual Funds	5.82%	5.21%
Insurance Companies	7.40%	7.62%
Other DIIs	1.19%	1.47%
Non-Institution	12.11%	11.56%

Check out Points for investing in Canara Bank

• Analyze the profit earned by the company through its financial statements.
• Keep a close watch on the share value as it can fluctuate rapidly in stock exchanges.
• Check the tax implications associated with the stocks as they can change every financial year.
• Avoid taking loans for investment purposes and only invest an amount that is reasonable for you.
• Review all the funds of the company including categories, types, availability, and returns, especially if considering long-term investment.

Canara Bank Share Price Target for 2025, 2026, 2027, 2028, 2029, 2030

In 2024, Canara Bank’s share price is expected to start at Rs. 507 and could rise to Rs. 650 by the middle of the year. By the end of 2024, it might be around Rs. 671

Moving into 2025, the share price could reach Rs. 750 by January and potentially go up to Rs. 830 by December, depending on how the economy and banking industry are doing.

For 2026, experts predict the share price to be at least Rs. 835 and could go up to Rs. 940, based on some technical data.

In 2027, the share price might range between Rs. 870 to Rs. 930 in the first half of the year and could go up to Rs. 959 by the second half.

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Looking ahead to 2028, the share price could start at Rs. 980 and could go up to Rs. 1110 by the end of the year.

By 2029, the share price might be around Rs. 1150 in January and could rise to Rs. 1270 by the middle of the year.

in 2030, the share price might start at Rs. 1320 and could reach Rs. 1578 by the end of the year.

Canara Bank Profit & Loss 

Financial Year	Mar 2023	Mar 2022
NII (in Crores)	31,435.29	26,383.98
Total Income (in Crores)	50,197.49	42,880.88
Pre Provision Profit (PPP) (in Crores)	27,716.01	23,088.97
PPP as % of Advances	3.34	3.28
Provision Expense (in Crores)	13,543.01	14,127.39
EPS	58.45	31.30

 

Canara Bank Share Price Target for 2040, 2050

in 2040 the share price may be at Rs. 2700 and could reach Rs. 3000 by the end of the year and it may be in 2050 of Rs. 7000+. this is only prediction by our team on the basis of Indian Market growth and professional software. This only just for information and not a recommendation of Investment on the basis of above data. 

Conclusion

Canara Bank is the important bank of the Government of India and RBI, stands poised to capitalize on strategic reforms and relaxed regulations in the banking sector. With a focus on innovation and customer-eccentric services, coupled with promising financial performance and future plans, Canara Bank appears well-positioned for continued growth and success.