Canara Bank's Stock Outperforms Sector Amid Recent Gains and High Dividend Yield

Feb 05 2025 11:05 AM IST
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Canara Bank's stock has shown strong performance, gaining 3.19% on February 5, 2025, and outperforming its sector. The bank has achieved a total return of 6.08% over two days. Despite recent gains, the stock has declined over the past month, contrasting with the Sensex's performance.
Canara Bank has shown notable activity today, with its stock price increasing by 3.19% on February 5, 2025. This performance has allowed the bank to outperform its sector by 1.77%. Over the past two days, Canara Bank has experienced a consecutive gain, accumulating a total return of 6.08%. The stock reached an intraday high of Rs 96.4, marking a rise of 3.81% during the trading session.

In terms of moving averages, Canara Bank's stock is currently above its 5-day and 20-day moving averages, yet it remains below the 50-day, 100-day, and 200-day moving averages. The bank also boasts a high dividend yield of 3.47% at the current price, which may appeal to income-focused investors.

Despite today's positive performance, Canara Bank's stock has seen a decline of 5.32% over the past month, while the Sensex has decreased by 0.92%. In contrast, Canara Bank's one-day performance stands at 3.44%, compared to the Sensex's slight decline of 0.11%.
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