Canara Bank Sees 44.8 Million Shares Traded, Ranking Among Most Active Stocks Today

Canara Bank, a prominent player in the public sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 44,847,448 shares and a total traded value of approximately Rs 58,194.05 lakhs. The stock opened at Rs 130.39 and reached a day high of Rs 131.77, just 2.06% shy of its 52-week high. However, it experienced a slight decline, closing at Rs 130.10, reflecting a 1D return of -0.48%, which underperformed the sector's return of 0.06% and the Sensex's return of 0.10%.
Despite today's downturn, Canara Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its performance. Notably, the stock has seen a significant rise in investor participation, with delivery volume increasing by 56.29% compared to the 5-day average. Additionally, the bank offers a high dividend yield of 3.08% at the current price, and its market capitalization stands at Rs 1,17,337.94 crore, categorizing it as a mid-cap stock. Overall, Canara Bank's performance today reflects a mix of active trading and underlying strength in its market position.