Canara Bank falls on weak Q3 earnings

Canara Bank, the public sector lender, dropped on Friday after reporting weak Q3 numbers. The bankposted a fall of 18.85% in net profit on year-on-year basis to Rs 7.11 billion for the quarter ended Dec. 31, 2012. Total income increased by 9.51% during the quarter to Rs 93.90 billion.

Shares ofthe bankare trading at Rs 451.65, down Rs 8.5, or 1.85% at the Bombay Stock Exchange (BSE) on Friday at 1:04 p.m.The scrip has touched an intra-day high of Rs 463.50 and low of Rs 440.50. The total volume of shares traded at the BSE is 398,331.In the earlier session, the shares fell 1.45%, or Rs 6.75, at Rs 460.15. Currently, the stock is trading down 20.2% from its 52-week high of Rs 566 and above 47.6% over the 52-week low of Rs 306.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 472.05 (11.90) (2.52) 1 Month 511.10 (50.95) (9.97) 3 Months 435.65 24.50 5.62 6 Months 349.45 110.70 31.68 1 Year 526.15 (66.00) (12.54) Note: Based on previous day closing price.