Canara Bank share price dips 3% post Q4 numbers; Should you buy this Rekha Jhunjhunwala-backed stock?3 min read 09 May 2023, 03:17 PM IST
Canara Bank, which is one of the stocks under ace investor Rekha Jhunjhunwala's portfolio, is trading lower after Q4 numbers. However, brokerages are optimistic on the stock price.
Canara Bank's stock price dipped sharply on Tuesday after its Q4 numbers. Overall, in the day, the stock has tumbled by nearly 4%. However, brokerages still find the stock attractive and have recommended buying. Brokerages believe the bank's margins look stable and return ratios are improving steadily. Nevertheless, they remain watchful of ECL provisioning. Late market mogul Rakesh Jhunjhunwala's wife Rekha is among the largest public shareholders of Canara Bank.
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