Canara Bank's Strong Performance Highlights Resilience in Public Sector Banking Sector

Canara Bank has shown impressive performance today, gaining 3.06% on June 24, 2025. The stock has outperformed its sector by 0.72%, marking a positive trend as it has recorded consecutive gains over the last three days, accumulating a total return of 5.63% during this period. The stock reached an intraday high of Rs 111.45, reflecting a 3.34% increase.
In terms of moving averages, Canara Bank's stock price is currently above the 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. The bank also boasts a high dividend yield of 3.71% at its current price, which is an attractive feature for shareholders.

In the broader market context, the Sensex opened higher at 82,534.61, gaining 637.82 points, and is trading above its 50-day moving average, indicating a bullish trend. Canara Bank's performance over various time frames has been noteworthy, with a year-to-date increase of 10.93% and a remarkable 407.54% rise over the past five years, showcasing its strong position in the public sector banking industry.