Canara Bank Faces Continued Stock Decline Amid Broader Market Weakness
Canara Bank faced a decline on January 22, 2025, underperforming its sector. The stock has seen a cumulative loss over two days and is trading below multiple moving averages, reflecting a bearish trend. Despite this, it maintains a dividend yield of 3.24%. The stock has also declined over the past month.
Canara Bank, a key player in the public banking sector, experienced a decline of 3.37% on January 22, 2025, underperforming its sector, which saw an average decrease of 2.24%. Over the past two days, the stock has faced a cumulative loss of 4.6%. During intraday trading, Canara Bank reached a low of Rs 96.3, marking a decrease of 3.12%. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these challenges, Canara Bank offers a dividend yield of 3.24%. Over the past month, the stock has declined by 3.51%, while the broader Sensex has dropped by 2.64%.
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