Canara Bank Shows Strong Trading Activity Amid Robust Market Position

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 9,573,546 shares and a total traded value of approximately Rs 112.04 crores. The stock opened at Rs 115.70 and reached a day high of Rs 117.50, closing at Rs 116.91, reflecting a 1.38% increase for the day. This performance notably outpaced the sector's average return of 0.43% and the broader Sensex, which declined by 0.31%.
Canara Bank is currently trading close to its 52-week high, just 2.05% away from Rs 119.30. The stock has shown strong momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has risen, with a delivery volume of 1.14 crore shares on September 18, marking a 23.87% increase compared to the 5-day average.

With a market capitalization of Rs 1,06,126.62 crores, Canara Bank also boasts a high dividend yield of 3.47%. The liquidity of the stock remains robust, accommodating trade sizes of Rs 4.83 crores based on 2% of the 5-day average traded value. Overall, Canara Bank's performance today highlights its strong market position and active trading dynamics.