Canara Bank's Strong Performance Highlights Resilience Amid Market Volatility

Canara Bank has shown notable activity today, gaining 3.0% on May 9, 2025. The stock has outperformed its sector by 2.22%, marking a positive trend as it has experienced consecutive gains over the last three days, accumulating a total return of 6.4% during this period. The stock reached an intraday high of Rs 98.28, reflecting a 3.04% increase.
In terms of moving averages, Canara Bank's stock price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The bank also boasts a high dividend yield of 3.38% at the current price.

In the broader market context, the Sensex has shown volatility, recovering from a significant gap down opening to trade at 79,547.22, down 0.98%. While Canara Bank's performance over the past month stands at 10.82%, the Sensex has recorded a 7.72% increase in the same timeframe. Over the past three years, Canara Bank has delivered an impressive 143.36% return, significantly outperforming the Sensex's 46.04% during that period.