Motilal Oswal Recommends 'BUY' on Canara Bank, Sets Target Price at Rs 175

• Canara Bank reported a standalone PAT of INR 51.6 billion in 3QFY26, exceeding Motilal Oswal's estimate by 15%.
• The higher PAT was partly due to stake sale gains, contributing INR 19.3 billion to pre-tax profit.
• Net Interest Income (NII) was largely in line at INR 92.5 billion, showing flat growth Year-on-Year and Quarter-on-Quarter.
• Loan book grew 15% Year-on-Year to INR 11.7 trillion, while deposits increased 12.9% Year-on-Year to INR 15.2 trillion.
• Motilal Oswal reiterates a 'BUY' rating for Canara Bank with a revised target price of INR 175.

Why It Matters: Motilal Oswal recommends buying Canara Bank shares, projecting a target price of Rs 175 based on strong Q3 results.