Canara Bank Hits New 52-Week High of Rs. 123.75, Showcasing Strong Growth

Canara Bank has reached a significant milestone by hitting a new 52-week high of Rs. 123.75 today, September 24, 2025. This achievement underscores the bank's robust performance in the public sector banking industry, particularly as it has outperformed its sector by 0.49% today. The stock has shown consistent upward momentum, gaining for four consecutive days and delivering a total return of 6.67% during this period.
In terms of moving averages, Canara Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong bullish trend. The bank's performance over the past year has been commendable, with a return of 12.85%, significantly outpacing the Sensex, which has seen a decline of 3.69% in the same timeframe.

Additionally, Canara Bank boasts a healthy dividend yield of 3.28% and maintains a low Gross NPA ratio of 2.69%, reflecting strong lending practices. With high institutional holdings at 22.8%, the bank continues to demonstrate solid long-term fundamental strength, making it a noteworthy player in the midcap banking sector.