Canara Bank Share Price: Live NSE Chart, Target & Forecast

Canara Bank has quietly stacked up 48.30% gains over the past year even as it trades at a modest P/E of 6.49. This piece cuts through that noise with the latest price data, verified analyst targets, and what the numbers mean for your decision.

Current Price: ₹142.70 · Market Cap: ₹1,30,890 Cr. · Stock P/E: 6.58 · Dividend Yield: 2.77% · 52 Week Range: ₹90.95 – ₹162.89

The following table consolidates key financial metrics for quick reference.

Is Canara Bank good stock to buy?

Current valuation metrics

The stock’s P/E ratio stood at 6.58 as of April 20, 2026, according to trailing twelve-month data — well below the NIFTY Banking average, suggesting the market is pricing Canara Bank at a meaningful discount to its earnings power. The price-to-book ratio of 1.23 adds another layer: at book value around ₹105,417 Crore, the lender’s net asset backing sits comfortably above the current market price, which value-focused investors often interpret as a margin-of-safety signal.

Recent performance drivers

Year-to-date performance in 2024 shows a -7.68% decline, but the longer view tells a different story. Over the past three years, Canara Bank has delivered 139.37% in gains — roughly 34% annualized — putting it among the stronger performers in the PSU banking space. The key question is whether the recent pullback from 52-week highs near ₹162.89 represents a correction or the start of a deeper reversal.

Is Canara Bank stock a good buy?

The analyst consensus clusters around ₹158-162 for the 12-month target, implying 10-13% upside from current levels. AlphaSpread reports the Wall Street average sits at 162.5 INR, while Investing.com tracks 19 analysts averaging 158.63 INR — two independently derived anchors that lend credibility to the bullish case. ValueInvesting.io aggregates 23 analysts with a BUY consensus: 0 strong sell, 2 sell, 4 hold, 9 buy, 8 strong buy.

Is Canara Bank giving dividends?

Dividend history

Canara Bank paid ₹4.00 per share in dividends during fiscal 2025, with an ex-date of June 13, 2025, according to Stockinvest.us. At the current price around ₹142.70, that translates to a dividend yield of approximately 2.77% — modest but competitive with fixed deposit rates in the current environment. The bank has maintained a consistent payout record over recent years, though the absolute dividend amount has grown slowly relative to earnings expansion.

2026 record date

Official 2026 dividend guidance has not yet been announced. No regulatory filings or investor relations communications from Canara Bank specify an expected payout for the current fiscal year, so investors relying on dividend income should treat 2026 estimates as forward-looking projections rather than confirmed commitments.

What is the share price of Canara Bank in 2026?

Price target predictions

As of April 20, 2026, Canara Bank’s end-of-day price was ₹142.70, per Smart-Investing.in. That places the stock below its 52-week high of ₹162.89 but well above the 52-week low of ₹90.95 — a wide trading range that reflects elevated volatility. Short-term technical analysis from Equitypandit identifies weekly support at ₹136.76 and resistance at ₹145.83 for the period ending April 24, 2026, with a broader trading window extending from ₹127.69 on the downside to ₹154.90 on the upside.

Supporting factors

Q4 2025 earnings per share came in at 5.50, beating the analyst estimate of 4.12 by roughly 33%, according to TradingView data. That earnings beat — combined with a P/E still hovering below 7 — gives fundamental analysts a plausible basis for targeting higher multiples. However, Smart-Investing.in flags elevated NPAs as a structural concern that could cap valuation expansion if credit quality deteriorates.

The implication: analyst consensus points toward 10-15% upside over the next 12 months, but the stock carries sell signals from both short and long-term moving averages — a setup that favors range-bound traders over momentum buyers.

Why is Canara Bank share increasing?

Recent rating upgrades

On March 25, 2026, Canara Bank stock closed at ₹136.55 after a 2.55% single-session gain, coinciding with Choice Broking initiating coverage with a bullish target. Stable or positive rating actions from credible agencies serve as short-term catalysts — they attract institutional buying and signal that the bank’s risk profile is being reassessed upward. Fitch Ratings has maintained a stable outlook, providing an additional vote of confidence in the bank’s creditworthiness.

Asset quality improvements

While explicit NPA data varies across platforms, Smart-Investing.in rates long-term fundamentals as “good” and identifies peer-relative analytics as favorable versus State Bank of India. Improvements in asset quality — specifically, reductions in stressed assets or slippages — directly impact the profitability narrative because lower provisions free up earnings for growth or shareholder returns.

Is Canara Bank good for long term?

2030 forecasts

No official 2030 forecasts for Canara Bank appear in regulatory filings or major analyst reports. AlphaSpread does provide revenue CAGR projections — historically 15% over the past 13 years, but expected to slow to 4% over the next three years — which implies meaningful deceleration in top-line expansion. Net income CAGR follows a similar trajectory, declining from 14% historically to approximately 4% going forward.

Bonus shares history

Bonus share history is not explicitly confirmed across verified sources. Trendlyne or other corporate action databases would track historical bonus issuances, but the research notes contain no verified facts on this dimension. Investors anticipating bonus shares as a future catalyst should treat that as speculative rather than fact-based.

Is Canara Bank issuing bonus shares?

No confirmed bonus share issuance has been announced by Canara Bank as of April 2026. Any rumors or speculation about bonus shares should be verified against official NSE filings or the bank’s investor relations communications before making investment decisions.

What analysts are saying

“From a risk management perspective, the Rs 125 level should be treated as a crucial support. On the upside, the stock has the potential to move towards the Rs 151 and Rs 158 levels over the medium to long term.”

— Choice Broking (Business Today)

“According to Wall Street analysts, the average 1-year price target for CANBK is 162.5 INR.”

— AlphaSpread (AlphaSpread)

Fitch Ratings has maintained a stable outlook on Canara Bank, providing an additional vote of confidence in the bank’s creditworthiness amid recent price appreciation.

— Fitch Ratings (via Smart-Investing.in)

Related reading: Westpac NZ online banking

Frequently asked questions

For Indian investors weighing a position in Canara Bank, the choice is becoming clearer: the analyst consensus around ₹158-163 gives a concrete 12-month horizon, the P/E of 6.58 offers valuation cushion, and the 2.77% dividend yield adds a buffer against short-term volatility. But revenue growth is projected to decelerate sharply — from 15% CAGR to 4% — and elevated NPAs remain an unresolved concern that could undercut the bull case if credit costs rise. Accumulating near the ₹125-130 support zone, as Choice Broking suggests, defines the lower-risk entry; expecting swift momentum beyond ₹158 requires patience or a catalyst the current data hasn’t confirmed.