Canara Bank Sees Surge in Open Interest Amid Mixed Trading Performance
Canara Bank has seen a significant rise in open interest, reaching 67,056, alongside a trading volume of 33,510. Despite this activity, the stock has underperformed its sector and is currently priced at Rs 109, with a notable dividend yield of 3.64% and a market capitalization of Rs 99,033.37 crore.
Canara Bank has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 67,056, reflecting a significant rise of 9,209 from the previous open interest of 57,847, marking a percentage change of 15.92%. The trading volume for the day reached 33,510, contributing to a total futures value of approximately Rs 141,298.36 lakhs.Despite this surge in open interest, Canara Bank's stock performance has underperformed its sector by 0.62%, continuing a downward trend with a 2.68% decline over the past three days. The stock is currently priced at Rs 109, which is above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages.
Additionally, the stock boasts a high dividend yield of 3.64%, indicating a steady return for shareholders. With a market capitalization of Rs 99,033.37 crore, Canara Bank remains a significant player in the public sector banking industry. The increase in open interest, coupled with the current trading dynamics, highlights the ongoing developments within the stock.
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