canara bank is most undervalued stock in banking stock this stock neither performed after election rally and it has not moved much since from march 9 when we compare to midcap large cap and small cap when we compare the perfomance it has not done much in this type of market people has searching for underperformer with good quality and more over in valuation term also it is very cheap stock in psb sector so one can buy this stock with imdeiate target of 300 before budget also i will give comparison with other psb stock with valuation and price movement
canara bank pe is 5 and book value is .98 times where as sbi pe 12.23 book value is 1.92 times pnb pe is 6.45 book value is 1.55 times bank of baroda pe 7.28 book value is 1.42 times bank of india pe is 5.86 book vale is 1.46 times anandra bank pe is 6.74 book value is 1.13 union bank pe is 6.37 book value is 1.57 times