Technical analyst Mitesh Thacker has maintained 'sell' rating on Canara Bank stock with targets of Rs 635 and 620.

According to analyst, the investors can sell the stock with a stop loss above Rs 725.

Mr. Thacker said that the investors can sell the stock as there are full chances of decline in the coming days.

Today, the stock of the company opened at Rs 690.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 844 and a low of Rs 345 on BSE.

Current EPS & P/E ratio stood at 87.24 and 7.80 respectively.

Canara Bank has launched five new CBS divisions in Bihar at Patna, Barbigha (Sheikhpura), Bhabhua, Banka and Madhepura.

The bank has launched 105 branches and ATMs each, across India on November 19, its founder's day, to celebrate the bank's 105th year of service.

Out of 105 divisions, 93 are in semi-urban as well as rustic zones.

These divisions are spread crosswise 22 States and 10 of them are micro-finance arms.

The bank has an objective to open 1,000 divisions and double up the ATM network to 4,000 by the coming 2-3 years.

Moreover, it has also decided to open divisions in Bahrain, South Africa, Qatar, Germany, Oman, the USA, Brazil, Tanzania and Japan.