$CANBK shares climb over 2% after Q1 earnings; better asset quality and reduced slippages support market moodv

$CANBK shares advanced more than 2% on July 27 after the public sector lender reported a moderate rise in June-quarter profit. The stock gained as investors welcomed stronger core income, improved asset quality and a sequential decline in fresh slippages, which helped offset concerns around higher provisions. In afternoon trade, the bank’s shares were up over 2%, reflecting positive market sentiment following the earnings announcement. The improvement in non-performing asset metrics and lower slippages reassured investors about the lender’s underlying business strength despite elevated provisioning during the quarter. The stock was trading at ₹128.32, up 2.12% for the day. Even after the rally, $CANBK shares remain down 16.8% in 2026 so far, compared with a 9% decline in the Nifty 50 The bank currently has a market capitalisation of roughly ₹1.2 lakh crore. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,