CANBK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.1
| Stock Code | CANBK | Market Cap | 1,20,620 Cr. | Current Price | 133 ₹ | High / Low | 163 ₹ |
| Stock P/E | 6.13 | Book Value | 125 ₹ | Dividend Yield | 3.01 % | ROCE | 6.79 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 146 ₹ | DMA 200 | 133 ₹ |
| Chg in FII Hold | 2.72 % | Chg in DII Hold | -1.76 % | PAT Qtr | 5,155 Cr. | PAT Prev Qtr | 4,774 Cr. |
| RSI | 33.4 | MACD | -4.17 | Volume | 1,87,49,126 | Avg Vol 1Wk | 2,23,62,476 |
| Low price | 83.4 ₹ | High price | 163 ₹ | PEG Ratio | 0.14 | Debt to equity | 14.7 |
| 52w Index | 62.3 % | Qtr Profit Var | 25.6 % | EPS | 21.7 ₹ | Industry PE | 7.34 |
📊 Analysis: CANBK shows weak intraday momentum today. Current price (133 ₹) is below DMA 50 (146 ₹) but aligned with DMA 200 (133 ₹), suggesting support at current levels but resistance overhead. RSI at 33.4 indicates the stock is approaching oversold territory, while MACD (-4.17) confirms bearish sentiment. Volume (1.87 Cr) is below the weekly average (2.23 Cr), reflecting reduced intraday participation.
💰 Optimal Buy Price: 130–132 ₹ if price stabilizes near support.
📈 Profit Exit Levels: 138 ₹ (short-term resistance), 145 ₹ (near DMA 50).
📉 Stop-Loss: 128 ₹ to protect against downside risk.
⏱️ If Already Holding: Consider exiting intraday if price fails to hold above 132 ₹ or if volume remains weak. Profit booking near 138–145 ₹ is advisable, while a break below 128 ₹ should trigger a stop-loss exit.
Positive
- EPS of 21.7 ₹ and PEG ratio of 0.14 indicate strong undervaluation.
- ROE at 18.2% reflects efficient capital usage.
- Quarterly PAT growth (5,155 Cr vs 4,774 Cr) shows improving profitability.
- FII holdings increased by 2.72%, signaling foreign investor confidence.
- Dividend yield of 3.01% adds investor appeal.
Limitation
- High debt-to-equity ratio of 14.7 raises leverage concerns.
- ROCE at 6.79% is weak compared to peers.
- Price trading below DMA 50 reflects bearish sentiment.
- Decline in DII holdings (-1.76%) suggests reduced domestic institutional support.
Company Negative News
- No major negative news reported recently, but high leverage remains a structural risk.
Company Positive News
- Strong quarterly profit growth and improved FII participation.
- Attractive dividend yield supports investor interest.
Industry
- Industry PE at 7.34 vs stock PE of 6.13 suggests undervaluation.
- Banking sector benefits from credit growth and government support, though rising NPAs remain a risk factor.
Conclusion
⚖️ CANBK is a cautious intraday candidate with limited upside due to weak momentum and low volume. Traders may attempt entries near 130–132 ₹ with exits around 138–145 ₹, but strict stop-loss discipline at 128 ₹ is essential given bearish indicators.