Canara Bank Ltd Fundraising & Rates and Stock Performance

Plans ₹3,500 Cr AT1 bonds by Nov; reduced MCLR (1M/ON by 5 bps to 7.90%/7.85%). Appointed S.K. Majumdar as ED; waived min balance charges on SB accounts. At ₹127 (down mildly today), up 63% 1-yr; mcap ~₹1.15L Cr, P/E ~6, book 1x, div yield 3.17%, profit growth 61% 5-yr. Motilal Oswal buy ₹175; support ₹120-125.