Canara Bank Shows Strong Trading Activity Amid Mixed Sector Performance

Canara Bank, a prominent player in the public sector banking industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol CANBK, recorded a total traded volume of 33,164,805 shares, with a total traded value of approximately Rs 35,678.70 lakhs. The stock opened at Rs 105.50 and reached a day high of Rs 108.59, while the day low remained at Rs 105.50. As of the latest update, the last traded price (LTP) stands at Rs 107.70.
Despite this activity, Canara Bank's performance today has underperformed its sector by 0.31%. However, it has shown resilience with consecutive gains over the last two days, yielding a return of 2.97% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its short to medium-term performance.

Investor participation has seen a decline, with delivery volume on May 16 falling by 23.99% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades sized at Rs 5.88 crore, based on 2% of the 5-day average traded value. Overall, Canara Bank continues to exhibit notable activity in the market, reflecting its significant position within the large-cap segment, with a market capitalization of Rs 98,026.53 crore.