Indiabulls Securities, in its latest research report on Canara Bank, has recommended Buy ratings on the stock the basis of its current valuations.
The various research reports by other brokers as well, have talked about attractive valuations for the Indian banks. Price-to-Book value has been extremely low for Indian banks, which make them a compelling buy by most of the fundamental analysts.
Indiabulls research report has also shown optimism on the bank's net profit margins, and marked it as among the best in the industry. Though, the concerns on future earnings and detoriating asset quality would like to put pressure on the earnings of Canara Bank, accoding to the research report.
This report is available for Indiabulls clients only. They can read the report by logging onto the trading website or can login to Power Indiabulls application and read the report. Power Indiabulls is an online trading application provided by Indiabulls for its clients.
The various research reports by other brokers as well, have talked about attractive valuations for the Indian banks. Price-to-Book value has been extremely low for Indian banks, which make them a compelling buy by most of the fundamental analysts.
Indiabulls research report has also shown optimism on the bank's net profit margins, and marked it as among the best in the industry. Though, the concerns on future earnings and detoriating asset quality would like to put pressure on the earnings of Canara Bank, accoding to the research report.
This report is available for Indiabulls clients only. They can read the report by logging onto the trading website or can login to Power Indiabulls application and read the report. Power Indiabulls is an online trading application provided by Indiabulls for its clients.
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