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Canara Bank Shares Surge Amid Mixed Analyst Views
12 May
Summary
- Canara Bank shares rose 2.3% intraday on May 12, 2026.
- Q4FY26 net profit declined 10% YoY to ₹4,500 crore.
- FY27 guidance lowered for NIM and credit growth.
Canara Bank's share price experienced a significant uptick on Tuesday, May 12, 2026, demonstrating market outperformance. This occurred even as analysts presented a mixed outlook regarding the public sector bank's future growth.
The bank reported a decline in its Q4FY26 net profit, which fell by 10% year-on-year and 13% quarter-on-quarter, totaling ₹4,500 crore. Despite this, its net interest income saw marginal growth.
Looking ahead to FY27, Canara Bank has adjusted its guidance downwards for both its Net Interest Margin (NIM) and credit growth. The NIM guidance has been reduced to 2.5-2.6%, and credit growth is now projected at 11-12%.
Motilal Oswal Financial Services and Emkay Global Financial Services have both issued 'Buy' ratings with a target price of ₹160. They acknowledged the mixed results, noting healthy margins but also trimming earnings estimates due to treasury losses and moderated NIM guidance.
