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Canara Bank Share Price Target From 2024, 2025 to 2039

Canara Bank

Company LogoSymbol: CANBK
Price: ₹116.2
Exchange: NSE
Financial Services -> Banks—Regional
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Canara Bank Brief Company Overview

Canara Bank: A Comprehensive Overview

Established in 1906 and headquartered in Bengaluru, Canara Bank is a reputable financial institution with a strong presence in India and internationally.

The bank offers a diverse range of products and services, including:

  • Personal banking: Savings and deposits, loans, insurance, and consultancy services
  • Corporate banking: Accounts and deposits, loans and advances, syndication services, and investment banking
  • NRI banking: Remittance facilities, loans, consultancy services, and investment opportunities
  • Other services: Internet banking, MSME banking, and safe custody

Canara Bank is committed to providing its customers with innovative and customized financial solutions. The bank has a strong reputation for its customer-centric approach and financial stability.


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Canara Bank Financial Performance

MetricValueDescription
Market Capital1,01,191.31 CroreMarket valuation of Canara Bank's shares.
Revenue (TTM)55,046.63 CroreTotal revenue generated by Canara Bank over the past twelve months.
Net Income (TTM)+14,663.31 CroreNet Profit or Loss after all the expenses over the past twelve months.
Operating Margin33.14%Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin26.63%Net income as a percentage of revenue, after all expenses.
Revenue Growth
(Quarterly)
+30.3%Change in revenue compared to the previous quarter.
Earnings Growth
(YOY Quarterly)
+25%Change in earnings compared to the same quarter last year.
Debt-to-Equity
(D/E) Ratio
0.98Company's total debt divided by total shareholder equity.
Total Debt88,486.79 CroreSum of Canara Bank's current & long-term financial obligations.
Total Cash66,254.24 CroreTotal amount of liquid funds available to Canara Bank.
Beta0.95Beta is less than 1 indicating that the Canara Bank's price is less volatile than the market.

Is Canara Bank A Good Buy For Long Term?

Canara Bank, a large-cap stock, has shown a decline in its returns over the past years. Its revenue has increased by 17.1% compared to the previous quarter, and its earnings have increased by 18.39% compared to the same quarter last year. However, the bank's debt and negative returns make it an average buy for long-term investors.

To predict the Canara Bank's future market prices, we harnessed 2 dynamic approaches:

Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices

Approach 1: Technical Analysis Paired With Price Action

Canara Bank Share Price Target For 2024

Canara Bank Targets For 2024 Chart

The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.

For detailed target and stop loss values for Canara Bank shares in 2024, see the table below.

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Canara Bank Share Price Target Table For 2024

Canara Bank's LevelsValueReason/Importance
2024 Target 3244.94 (+110.79%)Price Action: Chart
2024 Target 2240.37 (+106.85%)Price Action: Chart
2024 Target 1237.99 (+104.81%)Custom Fibonacci Extension Lvl 23.6%
Current Price116.20Canara Bank's 1 share price as of Tue 21 May 2024
Stop Loss 178.79 (-32.2%)Price Action: Chart
Stop Loss 278.00 (-32.88%)Price Action: Chart
Stop Loss 376.60 (-34.08%)Price Action: Chart

Summary: Canara Bank Share Price Prediction For 2024

In summary, Canara Bank has declined by ₹-321.30, recording a notable -73.44% decrease from 1st January 2024 to 21 May 2024. Despite the setback, our analysis of Canara Bank for 2024 predicts an additional rise of 104.81% to 110.79% by the end of 2024 with three potential targets T1: 237.99, T2: 240.37, T3: 244.94. Stop Loss at SL1: 78.79, SL2: 78.00, SL3: 76.60.

Canara Bank has a 52-week high of ₹632.90, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹106.40, a critical support level - think of this as a safety net where the price might stop falling.

After looking at 2024's share price prediction, let's now check what 2025 might hold for Canara Bank.

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Canara Bank Share Price Target For 2025

Canara Bank Targets For 2025 Chart

The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.

For detailed target and stop loss values for Canara Bank shares in 2025, see the table below.

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Canara Bank Share Price Target Table For 2025

Canara Bank's LevelsValueReason/Importance
2025 Target 3451.12 (+288.22%)Custom Fibonacci Extension Lvl 64.9%
2025 Target 2439.29 (+278.04%)Price Action: Chart
2025 Target 1434.94 (+274.3%)Technical Indicator: MA200
Current Price116.20Canara Bank's 1 share price as of Tue 21 May 2024
Stop Loss 134.64 (-70.19%)Price Action: Chart
Stop Loss 234.29 (-70.5%)Price Action: Chart
Stop Loss 333.67 (-71.03%)Price Action: Chart

Summary: Canara Bank Share Price Prediction For 2025

In summary, Canara Bank has declined by ₹-321.30, recording a notable -73.44% decrease from 1st January 2024 to 21 May 2024. Despite the setback, our analysis of Canara Bank for 2025 predicts an additional rise of 274.3% to 288.22% by the end of 2025 with three potential targets T1: 434.94, T2: 439.29, T3: 451.12. Stop Loss at SL1: 34.64, SL2: 34.29, SL3: 33.67.

Canara Bank has a All-Time high of ₹821.11, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹106.40, a critical support level - think of this as a safety net where the price might stop falling.

After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Canara Bank, we have created a specific page for that check here: Canara Bank Share Price Target For Tomorrow & Next Week

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Approach 2: Machine Learning By Studying Historical Prices

Canara Bank Long Term Share Price Prediction Chart From 2024, 2025 to 2039

Canara Bank Targets Chart From 2024, 2025 to 2039

This chart presents a detailed projection of Canara Bank share price predictions from 2024, 2025 to 2039. This share price Prediction represents a CAGR of 4.56% over the next 15 years.

For complete year by year Canara Bank long term share price target from 2024, 2025 to 2039 check the below table.

Canara Bank Share Price Target Table From 2024, 2025 to 2039

YearCanara Bank TargetYoY Change %
2024₹116.2[Current Price]
2024₹430.26270.27%
2025₹457.496.32%
2026₹495.978.41%
2027₹536.788.22%
2028₹523.95-2.4%
2029₹562.337.32%
2030₹589.794.88%
2031₹631.557.08%
2032₹675.937.02%
2033₹653.08-3.39%
2034₹694.46.32%
2035₹722.13.98%
2036₹767.156.23%
2037₹815.076.24%
2038₹782.2-4.04%
2039₹803.532.72%

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Canara Bank Past Performance

CANBK main
Canara Bank has been listed on NSE for more than 22 years.
  • In 2002, Canara Bank opening price was ₹50
  • As of Tue 21 May 2024 the price stands at ₹116.2.
  • This represents a Compound Annual Growth Rate (CAGR) of 3.73%.
  • In 22 years, an investment of 10,000 would have become ₹23,240.

As we wrap up, we hope you like our study on Canara Bank share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Canara Bank, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter