CANBK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.7
| Stock Code | CANBK | Market Cap | 1,33,874 Cr. | Current Price | 148 ₹ | High / Low | 161 ₹ |
| Stock P/E | 6.80 | Book Value | 125 ₹ | Dividend Yield | 2.71 % | ROCE | 6.79 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 148 ₹ | DMA 200 | 129 ₹ |
| Chg in FII Hold | 2.72 % | Chg in DII Hold | -1.76 % | PAT Qtr | 5,155 Cr. | PAT Prev Qtr | 4,774 Cr. |
| RSI | 45.8 | MACD | -0.97 | Volume | 2,71,48,172 | Avg Vol 1Wk | 4,49,90,131 |
| Low price | 78.6 ₹ | High price | 161 ₹ | PEG Ratio | 0.15 | Debt to equity | 14.7 |
| 52w Index | 83.8 % | Qtr Profit Var | 25.6 % | EPS | 21.7 ₹ | Industry PE | 7.88 |
📊 Analysis: CANBK is showing mixed signals for intraday trading. The RSI at 45.8 indicates neutral-to-weak momentum, while MACD at -0.97 suggests mild bearishness. Current price (148 ₹) is exactly at the 50 DMA, with support from the 200 DMA (129 ₹). However, intraday volume is significantly lower than the weekly average, which may limit sharp moves.
💰 Optimal Buy Price: Around 146–148 ₹ (near 50 DMA support).
📈 Profit-Taking Exit Levels: 152–155 ₹ (short-term resistance zone).
📉 Stop-Loss / Loss Protection: 144 ₹ (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to hold above 148 ₹ with weakening momentum or if volume continues to stay below average. If momentum improves, ride till 152–155 ₹ before booking profits.
Positive
- Strong quarterly PAT growth (5,155 Cr. vs 4,774 Cr.) with 25.6% variation.
- ROE at 18.2% reflects efficient capital usage.
- EPS of 21.7 ₹ and PEG ratio of 0.15 indicate undervaluation.
- FII holdings increased by 2.72%, showing institutional confidence.
Limitation
- Debt-to-equity ratio at 14.7 is very high, raising leverage concerns.
- ROCE at 6.79% is weak compared to peers.
- Intraday volume (2.71 Cr.) is lower than weekly average (4.49 Cr.), limiting momentum.
- MACD negative (-0.97) suggests short-term bearishness.
Company Negative News
- No major negative news reported recently, but high leverage remains a structural risk.
Company Positive News
- Strong quarterly profit growth and rising FII interest.
- Dividend yield of 2.71% adds investor appeal.
Industry
- Industry PE at 7.88 vs stock PE at 6.80 indicates undervaluation.
- Banking sector remains supported by credit growth and government focus on infrastructure.
Conclusion
⚡ CANBK is a moderately cautious candidate for intraday trading today. Buy near 146–148 ₹ with profit targets at 152–155 ₹ and stop-loss at 144 ₹. If already holding, monitor momentum closely and exit near resistance levels. While fundamentals are strong and valuation is attractive, high leverage and weak ROCE are limitations to watch.