Canara Bank Share Price

Canara Bank Stock Jumps 5% Post Split: Key Details and Live Updates

Exciting news for investors! Canara Bank shares surge 5% after stock split. Stay updated with the latest price movements.

Investors are cheering as Canara Bank shares rally 5% following a recent PSU stock split. It's a remarkable moment as retail investors, numbering 7,39996, own 6% stake, with HNIs like Rekha Rakesh Jhunjhuwala holding 1.45% shares. The stock price surged by 4.37% to close at ₹113.25 today.

Intriguingly, Canara Bank has witnessed an 8% increase in the last three sessions post-stock split. The state-owned bank's stock jumped up to 4.8% to reach Rs 118.90 during intraday deals. This upward trend is exciting news for investors as the stock value keeps rising.

With Canara Bank's share split record date marking a significant event, each Rs 10 face value share has been converted into 5 shares valued at Rs 2 each. This move has positively impacted the stock price, surging nearly 5% to Rs 118.40. Experts foresee a promising future for Canara Bank shares with the recent developments.

Amidst this bullish trend, brokerage firm Motilal Oswal has set a target price of ₹650, recommending a 'Buy' on the stock. This projection adds to the optimism surrounding Canara Bank shares, indicating a positive outlook for investors. With the recent stock split and price surge, Canara Bank remains in the spotlight for both retail and institutional investors, paving the way for potential growth opportunities in the market.