Canara Bank Stock Declines by -3.05% on September 6th, Rated as 'Hold' by MarketsMOJO

Canara Bank, one of the leading public banks in India, has seen a decline in its stock price by -3.05% on September 6th, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The stock has underperformed the sector by -0.66% and has been on a consecutive fall for the last 4 days, with a total decline of -6.87% during this period. On the day of September 6th, the stock touched an intraday low of Rs 104.65, showing a decrease of -3.28%. Canara Bank's performance has been lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance. In comparison, the public banks sector has also seen a decline of -2.25%. On the same day, the Sensex performance was -1.02%, while Canara Bank's performance was -3.00%. Similarly, in the last month, Canara Bank's performance was -0.14% compared to Sensex's 3.53%. While Canara Bank's stock has seen a decline, it is important to note that this article is based on factual information and does not include any external data or sources. It is important for investors to conduct their own research and make informed decisions before investing in any stock.