Canara Bank's Strong Performance Highlights Resilience and Attractive Dividend Yield

Canara Bank has shown impressive performance today, gaining 3.11% as of June 30, 2025. The stock reached an intraday high of Rs 114.5, reflecting a 3.15% increase, and has outperformed its sector by 0.7%. This large-cap public sector bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price momentum.
In terms of dividend yield, Canara Bank offers a competitive rate of 3.6% at the current price, appealing to income-focused investors. Over the past week, the stock has surged by 6.17%, significantly outperforming the Sensex, which has seen a modest gain of 2.32%.

Looking at longer-term performance, Canara Bank has demonstrated remarkable resilience, with a 3-year increase of 215.86% and a staggering 469.09% rise over the past five years, far exceeding the Sensex's performance during the same periods. Despite a slight decline of 4.10% over the past year, the year-to-date performance stands at a robust 14.33%, showcasing the bank's strong market position and operational stability.