Canara Bank Share Price Target 2025 to 2050
Canara Bank, one of India’s largest public sector banks, has a rich history spanning over a century. Established in 1906, it has grown to become a household name in the Indian banking industry, offering a wide range of financial products and services to its customers. With a strong focus on innovation, digital transformation, and financial inclusion, Canara Bank has cemented its position as a leader in the banking sector.
Investors often look to Canara Bank for its robust financial performance and growth potential. The stock has shown steady progress over the years, making it an attractive choice for both short-term and long-term investors.
This article will provide a detailed analysis of Canara Bank’s stock performance, its potential price targets from 2024 to 2050, and technical and fundamental insights to help you make informed decisions.
Table of Contents
- 1 Basic Details of Canara Bank
- 2 About Canara Bank’s Business
- 3 Live Chart
- 4 Canara Bank share price target tomorrow 2025 to 2050
- 5 Canara Bank Share Price Target 2024
- 6 Canara Bank Share Price Target 2025
- 7 Canara Bank Share Price Target 2026
- 8 Canara Bank Share Price Target 2027
- 9 Canara Bank Share Price Target 2028
- 10 Canara Bank Share Price Target 2029
- 11 Canara Bank Share Price Target 2030
- 12 Canara Bank Share Price Target 2040
- 13 Canara Bank Share Price Target 2050
- 14 Keep In Mind
- 15 Technical Analysis
- 16 Conclusion
Basic Details of Canara Bank
| Company Name | Canara Bank |
| Business Sector | Banking and Financial Services |
| Stock Symbol | CANBK |
| NSE Listing Status | Listed |
| BSE Listing Status | Listed |
| Official Website | canarabank.com |
About Canara Bank’s Business
Canara Bank primarily operates in the banking and financial services sector, offering a comprehensive range of products including savings accounts, loans, credit cards, and wealth management services. It has a vast network of branches and ATMs across India, catering to diverse customer needs.
The bank has also adopted digital banking solutions, providing seamless online and mobile banking services. Its focus on rural and semi-urban areas, along with corporate banking services, positions it as a key player in India’s economic growth.
Fundamental Data
- 💹 Market Cap: ₹99,550 Cr.
- 🏦 Current Price: ₹110
- 📈📉 High / Low (52-Week): ₹129 / ₹82.7
- 📊 Stock P/E: 6.19
- 📚 Book Value: ₹102
- 💰 Dividend Yield: 2.90%
- 🔄 ROCE (Return on Capital Employed): 6.63%
- 🚀 ROE (Return on Equity): 17.9%
- 💵 Face Value: ₹2.00%
Live Chart
Canara Bank’s target prices are based on historical price trends, earnings growth, ROE, and financial ratios like P/E and P/B. Sector performance and economic factors are also considered. The projected CAGR is 15-18%, driven by the bank’s strong fundamentals, improving market position, and consistent growth potential.
| Year | Share Price Target |
|---|---|
| 2025 | ₹150 |
| 2026 | ₹180 |
| 2027 | ₹200 |
| 2028 | ₹250 |
| 2029 | ₹280 |
| 2030 | ₹320 |
| 2040 | ₹700 |
| 2050 | ₹1,500 |
The year 2024 is expected to mark a steady growth phase for Canara Bank, driven by improved economic conditions and its focus on asset quality. Investors can anticipate its stock price to fluctuate between ₹90 and ₹120. This range reflects the bank’s ability to recover from challenges and its ongoing efforts in digital innovation and operational efficiency.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2024 | ₹90 | ₹120 |
By 2025, Canara Bank is likely to witness stronger growth as the demand for credit surges and the Indian economy stabilizes further. With advancements in its technological capabilities and operational streamlining, the stock could trade between ₹110 and ₹150, offering significant returns for long-term investors.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2025 | ₹110 | ₹150 |
In 2026, Canara Bank’s focus on expanding its retail banking portfolio and reducing non-performing assets (NPAs) is expected to yield substantial results. The stock price might range between ₹130 and ₹180, reflecting the bank’s improved financial stability and continued growth.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2026 | ₹130 | ₹180 |
As Canara Bank strengthens its digital banking services and adapts to a customer-first approach, the share price is likely to gain momentum. In 2027, the price could range between ₹150 and ₹200, showcasing its commitment to long-term growth.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2027 | ₹150 | ₹200 |
In 2028, driven by an increase in both retail and corporate lending, Canara Bank could reach new highs. Its stock price is projected to trade between ₹180 and ₹250, as the bank consolidates its position as a leading public sector entity.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2028 | ₹180 | ₹250 |
By 2029, the bank’s efforts to reduce operational costs and enhance profit margins are expected to materialize significantly. Investors can expect the stock to trade in the range of ₹200 and ₹280, making it a lucrative option for portfolio diversification.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2029 | ₹200 | ₹280 |
As the Indian economy enters a robust growth trajectory, Canara Bank is well-positioned to benefit from the rising demand for financial services. The share price might fluctuate between ₹250 and ₹320, offering strong returns for long-term stakeholders.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2030 | ₹250 | ₹320 |
By 2040, Canara Bank’s sustained focus on digital transformation and sustainable banking is likely to propel its stock to new levels. The expected price range for the year is ₹500 and ₹700, highlighting its position as a major player in the banking sector.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2040 | ₹500 | ₹700 |
In 2050, with decades of consistent growth and innovation, Canara Bank is projected to have a dominant role in the financial ecosystem. The share price is likely to range between ₹1,000 and ₹1,500, cementing its legacy as a long-term wealth creator for investors.
| Year | Low Target (₹) | High Target (₹) |
|---|---|---|
| 2050 | ₹1,000 | ₹1,500 |
Keep In Mind
Pros
- 🟢 Stock trades at just 1.07 times book value.
- 🟢 Profit growth of 90.8% CAGR in 5 years.
- 🟢 Healthy dividend payout of 19.2%.
Cons
- 🔴 Low interest coverage ratio.
- 🔴 High contingent liabilities of ₹2.23 lakh crore.
- 🔴 Interest costs might be capitalized.
- 🔴 Earnings include ₹30,853 Cr from other income.
Technical Analysis
Short-Term Chart Insights:
- Canara Bank’s stock is currently trading above its 50-day and 200-day EMA, indicating bullish momentum.
- Key resistance levels stand at ₹120, while strong buying support is visible around ₹107.
Long-Term Chart Insights:
- On a monthly chart, the stock shows a steady upward trend, supported by increased trading volumes.
- If the stock breaks above ₹150 in the coming quarters, it could signal a strong rally toward ₹200 in subsequent years.
Conclusion
Canara Bank stands as a promising investment option in the Indian banking sector. With its focus on innovation, rural banking, and digital transformation, the bank is well-positioned to deliver strong returns over the long term.
From a target price of ₹90 to ₹120 in 2024 to a long-term projection of ₹1,500 to ₹2,500 by 2050, Canara Bank’s stock offers a mix of stability and growth potential for investors seeking both short-term and long-term opportunities.
