Canara Bank Shows Strong Market Momentum with Significant Trading Activity

Canara Bank (symbol: CANBK) has emerged as one of the most active equities today, with a total traded volume of approximately 49.39 million shares and a total traded value of around Rs 497.01 crore. The stock opened at Rs 100.50, reaching a day high of Rs 101.45 and a day low of Rs 99.85, before settling at a last traded price of Rs 100.81.
In terms of performance, Canara Bank has outperformed its sector by 0.39% today, marking a notable 2.48% increase in its stock price. This positive trend is part of a broader pattern, as the stock has gained for the last five consecutive days, accumulating an impressive 11.17% return during this period.

The liquidity of Canara Bank remains robust, with a delivery volume of 2.89 crore shares on May 12, reflecting a significant 115.86% increase compared to the five-day average delivery volume. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. With a market capitalization of Rs 91,441 crore, Canara Bank continues to maintain a high dividend yield of 3.19%. Overall, the stock's performance today highlights its strong market position within the public banking sector.