Canara Bank Faces Continued Stock Decline Amid Broader Market Weakness

Jan 22 2025 12:35 PM IST
share
Share Via
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%.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Why is Odigma Consultan falling/rising?
4 hours ago
share
Share Via
Why is Premium Plast falling/rising?
4 hours ago
share
Share Via
Why is Afcons Infrastr. falling/rising?
4 hours ago
share
Share Via
Why is Bikewo Green falling/rising?
4 hours ago
share
Share Via
Why is Quest Laborato. falling/rising?
4 hours ago
share
Share Via
Why is Kataria Indust. falling/rising?
4 hours ago
share
Share Via
Why is Vishwas Agri falling/rising?
4 hours ago
share
Share Via