Canara Bank Intraday Buy Call

Canara Bank Intraday Buy CallTechnical analyst Hitendra Vasudeo has maintained 'buy' rating on Canara Bank stock with targets of Rs 646 and 661.

According to analyst, the investors can buy the stock with a stop loss of Rs 630.

The stock of the company, on April 04, closed at Rs 641 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 88.54 and 7.23 respectively.

The share price has seen a 52-week high of Rs 844 and a low of Rs 345 on BSE.

Archana Bhargava took the charge of Executive Director of nationalized Canara Bank.

Before becoming a part of Canara Bank, Mr. Bhargava was the GM at PNB in the national capital.

In the meantime, Archana's predecessor HSU Kamath assumed charge of Chairman and Managing Director of Vijaya Bank.

For the three month period ended December 2010, Canara Bank has registered an increase of 5.05% in its net profit, which stood at Rs 11,057.30 million as against Rs 10,525.80 million during the same period of 2009.

Bank's total income surged 17.84% to Rs 64,445.50 million for the period under review as against Rs 54,691 million for the same period of 2009.