CMP: 393

Canara Bank Ltd. provides a full range of banking services throughout India. The Group's activities include retail banking, commercial and personal banking, investment management, treasury & NRI services, cash management and assorted ATM facilities.

Its rally time for PSU Banks. Canara Bank is a budding large-cap trading at a P/E of little over 5 with dividend yields of almost 3% in the last 12 months. Revenues have risen from 14,200 Crores to 30,850 Crores in the last 5 years. Profits have risen from 1,565 Crores to 3,282 Crores in the last 5 years. NPM has marginally dropped below 11% over the last 5 years. Buy and hold for long term gains.