Canara Bank Hits New 52-Week High of Rs. 128.65, Showcasing Strong Performance

Canara Bank has reached a significant milestone by hitting a new 52-week high of Rs. 128.65 on October 8, 2025. This achievement underscores the bank's robust performance in the public sector banking industry, particularly as it has demonstrated a remarkable 19.49% return over the past year, significantly outpacing the Sensex's modest gain of 0.55% during the same period.
Despite a slight underperformance today, where it fell by 0.84% against its sector, Canara Bank continues to trade above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The bank's strong fundamentals are highlighted by a low gross NPA ratio of 2.69% and a high dividend yield of 3.12%, reflecting its solid lending practices and commitment to shareholder returns.

With a consistent track record of generating returns and a healthy growth trajectory, Canara Bank's recent performance reinforces its position as a key player in the midcap banking sector. The stock's journey from a 52-week low of Rs. 78.58 to its current high illustrates its resilience and operational strength in a competitive market landscape.