Canara Bank (CANBK.NS NSE) Q3 earnings due 29 Jan 2026: EPS ₹23.61 sets valuation test
CANBK.NS stock is trading intraday at ₹157.74 as Canara Bank’s Q3 earnings land on 29 Jan 2026. Investors are watching a reported EPS of ₹23.61 and a low PE of 6.68 versus the Financial Services sector average PE of 31.41. Volume is active at 28,188,982 shares, signaling heavier-than-normal intraday interest ahead of the results. We focus on earnings drivers, valuation, and short-term price cues to frame trading and investment decisions.
CANBK.NS stock: intraday price and trade snapshot
Canara Bank (CANBK.NS) on the NSE is at ₹157.74, up ₹3.02 (1.95%) intraday with a day low of ₹152.31 and day high of ₹158.25. Reported volume stands at 28,188,982 versus an average volume of 28,166,204, showing near-normal liquidity. The stock opened at ₹155.49 and closed previous session at ₹154.72, keeping price action close to the 52-week high of ₹159.10.
Earnings preview and what matters on 29 Jan 2026
Earnings announce at 29 Jan 2026 focuses on net interest margin, credit cost and fee income mix for Canara Bank. The bank shows EPS ₹23.61 and analysts will watch loan growth, provision trends and guidance. Asset quality and management commentary on slippages will likely move the stock more than headline profit numbers.
Meyka AI rates CANBK.NS with a score out of 100
Meyka AI rates CANBK.NS with a score out of 100: 77.31 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade highlights attractive valuation but flags leverage and coverage ratios as risks. These grades are informational only and not financial advice.
Valuation and technical cues in the Financial Services sector
Canara Bank trades at a PE of 8.26 (TTM) and PB of 1.32, well below the Financial Services sector average PE of 31.41 and PB around 2.70. Technical indicators show RSI 51.42, MACD histogram slightly negative, and the 50-day average ₹150.56 above the 200-day ₹123.69, suggesting medium-term strength. Lower valuation versus peers signals value but requires confirmation from earnings quality.
Meyka AI’s forecast model projects price scenarios for CANBK.NS stock
Meyka AI’s forecast model projects monthly ₹140.60, quarterly ₹165.35, and yearly ₹155.45. Compared with the current ₹157.74, the quarterly projection implies an upside of 4.83% and the yearly projection implies a downside of 1.43%. Forecasts are model-based projections and not guarantees.
Risks and key triggers to watch during earnings
Key risks include rising credit costs, slower loan growth, and weaker non-interest income. Watch management commentary on provision coverage ratio and guidance on margins. Macro cues such as RBI policy tone and bond yields will affect net interest margins and trader reaction in the intraday session.
Final Thoughts
Key takeaways for CANBK.NS stock ahead of the intraday earnings on 29 Jan 2026: Canara Bank reports EPS ₹23.61 and trades at ₹157.74 with a low PE near 6.68–8.26 depending on series used, leaving valuation support for buyers. Meyka AI’s forecast model projects a quarterly target of ₹165.35, implying a 4.83% upside from current price, while the yearly target ₹155.45 sits slightly below the market price. Our Meyka grade of 77.31 (B+, BUY) highlights value versus peers but flags balance-sheet coverage metrics as watchpoints. Short-term traders should watch guidance on credit cost and NIM; longer-term investors should track sustained loan growth and provision trends. Meyka AI, an AI-powered market analysis platform, combines these signals to frame scenarios, but forecasts are model-based and not guarantees. Use intraday price action, trading volume, and the earnings release to refine entries and stops.
FAQs
When does Canara Bank (CANBK.NS) announce Q3 earnings?
Canara Bank’s Q3 earnings are scheduled for 29 Jan 2026. The market expects EPS details, NIM and provisions. Intraday moves typically follow management commentary and provision guidance.
What price targets and forecast apply to CANBK.NS stock?
Meyka AI’s forecast model projects quarterly ₹165.35 and yearly ₹155.45 for CANBK.NS stock. The quarterly view implies about 4.83% upside from ₹157.74. Forecasts are model projections, not guarantees.
How does Canara Bank’s valuation compare to the sector?
Canara Bank trades at a PE ~8.26 and PB ~1.32, below the Financial Services sector average PE of 31.41. That gap signals relative value but requires earnings quality to sustain the premium.
What are the main risks after the earnings release for CANBK.NS stock?
Primary risks include rising credit costs, weak loan growth and disappointing NIM. A downgrade to provision guidance or higher slippages could push CANBK.NS stock lower in the intraday session.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
