From Investing.com: 2024-05-19 07:10:04

The MSCI will implement changes to its index on May 31, 2024, adding 42 securities and removing 121 from the all-country world index, impacting market dynamics. Canara Bank, with a market cap of INR 1,03,224 crore, will be a key inclusion in the MSCI emerging markets index, attracting institutional investments and offering a dividend of INR 3.22 per share.

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Despite positive indicators, Canara Bank’s slightly overvalued trading price compared to its fair value of INR 110.7 suggests a possible dip buying strategy for potential investors to consider. InvestingPro’s tools, including financial health scores and ProTips, provide valuable insights for making informed investment decisions.

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Read more at Investing.com: Canara Bank Among Top Additions By Investing.com