Here, we are going to share Canara Bank Share Price Target 2025, 2026, 2027, 2028, 2030, 2035, 2040 on the basis of its fundamental and technical analysis.
Canara Bank, established in 1906 and headquartered in Bangalore, is one of India’s largest public sector banks. It provides a wide range of financial services, including as retail and business banking, asset management, and insurance.
Canara Bank is well-known for its strong presence in India and abroad, and its loan portfolio and customer base have grown consistently.
Canara Bank Share Key Information
| Company Name | Canara Bank |
| Headquarters | Bengaluru, India |
| Sectors | Bank – Public |
| Market Cap | ₹ 88,393.50 Cr. |
| No. of Shares | ₹ 907.07 Cr. |
| Book Value | ₹ 96.99 |
| Dividend Yield | 3.3% |
| ROCE | 18.49% |
| ROE | 20.22% |
| Face Value | ₹ 2 |
| Profit Growth | 37.26% |
Canara Bank Business Sector
Canara Bank, one of India’s largest public sector banks, works in a variety of business sectors and offers a wide range of financial services and solutions to both individuals and businesses. Here is a breakdown of the main sectors that Canara Bank is involved in:
- Retail Banking
- Corporate and Wholesale Banking
- Agriculture and Rural Banking
- SME (Small and Medium Enterprises) Banking
- International Banking
- Digital and E-Banking Services
- Treasury and Investments
- Financial Inclusion and Social Responsibility
Board Members
- K. Satyanarayana Raju – Serving as Managing Director and CEO since February 2023, he has been a pivotal figure in steering the bank’s strategic initiatives.
- Vijay Srirangan – Chairman of the Board since November 2022, he brings vast experience in governance and oversight.
- Debashish Mukherjee – Serving since February 2018, he contributes to board decisions and operational oversight.
- Bimal Prasad Sharma – A board member since June 2019, known for his insights on regulatory and compliance matters.
- Abba Singh Yaduvanshi, Karunakara Shetty, and others contribute to the board, each with unique expertise in finance, risk, and administrative functions.
Canara Bank Share Quarterly Results
| PARTICULARS | Jun 2024 | Sep 2024 |
|---|---|---|
| Interest Earned | 28,701.35 | 29,740.07 |
| Other Income | 5,318.88 | 4,981 |
| Interest Expended | 19,535.08 | 20,424.87 |
| Operating Expenses | 6,869.01 | 6,642.37 |
| Total Provisions | 2,282.34 | 2,251.29 |
| Profit Before Tax | 5,333.80 | 5,402.54 |
| Tax | 1,428.52 | 1,388.01 |
| Net Profit | 3,905.28 | 4,014.53 |
| Net NPA % | 1.24 | 0.99 |
| Gross NPA % | 4.14 | 373 |
| Return on Assets % | 1.05 | 1.05 |
| NPM % | 13.61 | 13.50 |
Canara Bank Company Profits and Losses
| PARTICULARS | Mar 2023 | Mar 2024 |
|---|---|---|
| Interest Earned | 84,424.78 | 1,08,687.93 |
| Other Income | 18,762.20 | 18,966.44 |
| Interest Expended | 52,989.49 | 72,121.99 |
| Operating Expenses | 22,481.48 | 26,119.80 |
| Total Provisions | 13,543.01 | 9,707.61 |
| Profit Before Tax | 14,173 | 19,704.97 |
| Taxes | 3,569.24 | 5,150.65 |
| Net Profit | 10,603.76 | 14,554.32 |
| Adjusted EPS (Rs.) | 11.69 | 16.05 |
Canara Bank Share Price Target 2025-2040
| Year | Initial Target | Year-End Target |
|---|---|---|
| 2025 | ₹117 | ₹154 |
| 2026 | ₹159 | ₹195 |
| 2027 | ₹200 | ₹237 |
| 2028 | ₹242 | ₹278 |
| 2029 | ₹284 | ₹309 |
| 2030 | ₹316 | ₹409 |
| 2035 | ₹645 | ₹814 |
| 2040 | ₹967 | ₹1148 |
Canara Bank Share Price Target 2025
| Year/Month | Predicted Target |
|---|---|
| January 2025 | ₹117 |
| February 2025 | ₹120 |
| March 2025 | ₹121 |
| April 2025 | ₹125 |
| May 2025 | ₹123 |
| June 2025 | ₹124 |
| July 2025 | ₹127 |
| August 2025 | ₹129 |
| September 2025 | ₹130 |
| October 2025 | ₹128 |
| November 2025 | ₹149 |
| December 2025 | ₹154 |
Based on the 2025 forecast, the initial target of Canara Bank share can could be ₹117 and by the end of the year, the share price target is estimated to reach ₹154.
Canara Bank Share Price Target 2026
| Year/Month | Predicted Target |
|---|---|
| January 2026 | ₹159 |
| February 2026 | ₹163 |
| March 2026 | ₹162 |
| April 2026 | ₹165 |
| May 2026 | ₹165 |
| June 2026 | ₹169 |
| July 2026 | ₹172 |
| August 2026 | ₹174 |
| September 2026 | ₹176 |
| October 2026 | ₹180 |
| November 2026 | ₹191 |
| December 2026 | ₹195 |
Based on the 2026 forecast, the initial target of Canara Bank share can could be ₹159 and by the end of the year, the share price target is estimated to reach ₹195.
Canara Bank Share Price Target 2027
| Year/Month | Predicted Target |
|---|---|
| January 2027 | ₹200 |
| February 2027 | ₹204 |
| March 2027 | ₹203 |
| April 2027 | ₹207 |
| May 2027 | ₹205 |
| June 2027 | ₹211 |
| July 2027 | ₹213 |
| August 2027 | ₹216 |
| September 2027 | ₹217 |
| October 2027 | ₹221 |
| November 2027 | ₹233 |
| December 2027 | ₹237 |
Based on the 2027 forecast, the initial target of Canara Bank share can could be ₹200 and by the end of the year, the share price target is estimated to reach ₹237.
Canara Bank Share Price Target 2028
| Year/Month | Predicted Target |
|---|---|
| January 2028 | ₹242 |
| February 2028 | ₹246 |
| March 2028 | ₹245 |
| April 2028 | ₹248 |
| May 2028 | ₹250 |
| June 2028 | ₹252 |
| July 2028 | ₹255 |
| August 2028 | ₹257 |
| September 2028 | ₹259 |
| October 2028 | ₹264 |
| November 2028 | ₹275 |
| December 2028 | ₹278 |
Based on the 2028 forecast, the initial target of Canara Bank share can could be ₹242 and by the end of the year, the share price target is estimated to reach ₹278.
Canara Bank Share Price Target 2029
| Year/Month | Predicted Target |
|---|---|
| January 2029 | ₹284 |
| February 2029 | ₹288 |
| March 2029 | ₹286 |
| April 2029 | ₹290 |
| May 2029 | ₹291 |
| June 2029 | ₹294 |
| July 2029 | ₹297 |
| August 2029 | ₹299 |
| September 2029 | ₹301 |
| October 2029 | ₹307 |
| November 2029 | ₹305 |
| December 2029 | ₹309 |
Based on the 2029 forecast, the initial target of Canara Bank share can could be ₹284 and by the end of the year, the share price target is estimated to reach ₹309.
Canara Bank Share Price Target 2030
| Year/Month | Predicted Target |
|---|---|
| January 2030 | ₹316 |
| February 2030 | ₹324 |
| March 2030 | ₹327 |
| April 2030 | ₹331 |
| May 2030 | ₹348 |
| June 2030 | ₹353 |
| July 2030 | ₹367 |
| August 2030 | ₹398 |
| September 2030 | ₹387 |
| October 2030 | ₹392 |
| November 2030 | ₹402 |
| December 2030 | ₹409 |
Based on the 2030 forecast, the initial target of Canara Bank share can could be ₹316 and by the end of the year, the share price target is estimated to reach ₹409.
Canara Bank Share Price Target 2035
| Year/Month | Predicted Target |
|---|---|
| January 2035 | ₹645 |
| April 2035 | ₹696 |
| July 2035 | ₹725 |
| October 2035 | ₹797 |
| December 2035 | ₹814 |
Based on the 2035 forecast, the initial target of Canara Bank share can could be ₹645 and by the end of the year, the share price target is estimated to reach ₹814.
Canara Bank Share Price Target 2040
| Year/Month | Predicted Target |
|---|---|
| January 2040 | ₹967 |
| April 2040 | ₹999 |
| July 2040 | ₹1025 |
| October 2040 | ₹1086 |
| December 2040 | ₹1148 |
Based on the 2040 forecast, the initial target of Canara Bank share can could be ₹967 and by the end of the year, the share price target is estimated to reach ₹1148.
Canara Bank Shareholding Pattern
| Terms | Percentage |
|---|---|
| Promoters | 62.93% |
| FIIs | 11.24% |
| DIIs | 11.66% |
| Others | 0% |
| Public | 14.17% |
Canara Bank Company Competitors
- SBI
- PNB
- Bank Of Baroda
- Indian Overseas Bank
- Union Bank of India
- Indian Bank
- UCO Bank
- Bank Of India
- Central Bank of India
Bull Case of Canara Bank (Reasons to Invest)
Strong Financial Performance: The bank has reported rising revenues and a healthy net profit, thanks to increased loan growth and effective cost control.
Asset Quality Improvements: The bank’s asset quality has improved, with fewer non-performing assets (NPAs), which is critical for boosting investor trust.
Bear Case of Canara Bank (Risks Involved)
Exposure to NPAs: While NPA levels have improved, any adverse economic conditions could increase NPAs, especially with a high exposure to corporate loans, affecting profitability.
Rising Competition: Canara Bank’s market share and profitability may be under strain due to competition from private banks and digital financial enterprises.
Canara Bank Share Price Target: FAQ
What will be the target of Canara Bank Share for the year 2025?
By the end of the year 2025, its share price can reach ₹154.
What will be the target of Canara Bank Share for the year 2026?
By the end of the year 2026, its share price can reach ₹195.
What will be the target of Canara Bank Share for the year 2027?
By the end of the year 2027, its share price can reach ₹237.
What will be the target of Canara Bank Share for the year 2028?
By the end of the year 2028, its share price can reach ₹278.
What will be the target of Canara Bank Share for the year 2029?
By the end of the year 2029, its share price can reach ₹309.
What will be the target of Canara Bank Share for the year 2030?
By the end of the year 2030 its share price can reach ₹409.
What is the Current market cap of Canara Bank company?
At present the market cap of this company is ₹ 88,393.50 Cr.
What is the NSE symbol of Canara Bank company?
The symbol of this company in NSE exchange is CANBK.
What is the BSE symbol of Canara Bank company?
The symbol of this company in BSE exchange is 532483.
