Canara Bank Faces Continued Stock Decline Amid Broader Market Weakness

Canara Bank, a prominent player in the public banking sector, experienced a decline of 3.25% on April 25, 2025, underperforming its sector by 0.89%. This marks the third consecutive day of losses for the stock, which has seen a total drop of 4.43% over this period. During the trading session, Canara Bank reached an intraday low of Rs 96.01, reflecting a decrease of 3.4%.
In terms of moving averages, the stock is currently positioned above its 20-day, 50-day, and 100-day averages, yet remains below its 5-day and 200-day moving averages. The bank offers a high dividend yield of 3.24% at its current price, which may be of interest to income-focused investors.

On a broader market scale, the Sensex opened flat but subsequently fell by 617.62 points, closing at 79,212.53, a decline of 0.74%. Canara Bank's performance over various time frames shows a mixed picture, with a year-to-date decline of 3.84% compared to the Sensex's gain of 1.37%. However, over the longer term, the bank has shown significant growth, with a 491.89% increase over the past five years, outperforming the Sensex's 152.86% rise in the same period.