Canara Bank Rises Despite Cautious Views

  Published 8 months ago

Canara Bank edges up post-earnings, though Morgan Stanley and Investec signal limited upside, citing weak core performance.

  • Morgan Stanley keeps “underweight,” ups target to ₹95; flags weak interest income and higher cost pressures.
  • Investec maintains “hold,” lifts TP to ₹110; sees 10–11% loan growth and better treasury gains ahead.
  • Stock up 13.7% YTD; median analyst target at ₹115, with 16 analysts rating it a “buy.”

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