The announcement was made after market hours yesterday, 6 July 2020. Shares of Canara Bank settled 1.8% higher at Rs 104.85 yesterday.
The stock hit a 52-week high of Rs 296.5 on 05 July 2019. The stock hit a 52-week low of Rs 73.85 on 24 March 2020.
The stock had underperformed the market over the past one month, up 4.17% compared with 6.16% rise in the Sensex. The scrip underperformed the market in past one quarter, up 20.86% as against Sensex's 21.35% rise. The scrip had also underperformed the market in past one year, down 61.10% as against Sensex's 5.77% fall.
Canara Bank reported net loss of Rs 3,259.33 crore in Q4 March 2020 as against net loss of Rs 551.53 crore in Q4 March 2019. Total income rose 1.6% to Rs 14,222.39 crore.
Canara Bank is a state-owned commercial bank with headquarters in Bangalore. The Government of India held 78.52% stake in the bank as of 31 March 2020.