High-Value Turnover and Volume Surge
On the trading day, Canara Bank recorded a total traded volume of 2.23 crore shares, translating into a substantial traded value of ₹348.46 crores. This level of activity places the stock among the top equity performers in terms of value turnover, underscoring heightened market interest. The stock opened at ₹154.03 and touched an intraday high of ₹158.00, marking a 2.58% rise from the previous close of ₹154.03. The last traded price (LTP) stood at ₹156.95 as of 12:29 IST, representing a day gain of 1.95%.
Notably, Canara Bank has been on a consistent upward trajectory, registering gains for four consecutive sessions and delivering a cumulative return of 4.71% over this period. This positive price action aligns closely with the broader public sector banking sector, which posted a 1.72% gain on the day, while the Sensex advanced by a more modest 0.68%.
Institutional Interest and Delivery Volumes
Investor participation has surged significantly, as evidenced by the delivery volume of 5.11 crore shares on 30 Dec 2025, which represents a remarkable 388% increase compared to the five-day average delivery volume. This spike in delivery volumes indicates strong buying interest from long-term investors and institutions, signalling confidence in the bank’s fundamentals and growth prospects.
Liquidity remains robust, with the stock’s average traded value over five days supporting trade sizes up to ₹9.16 crores without impacting market prices materially. This liquidity profile is crucial for institutional investors and large traders seeking to build or exit sizeable positions efficiently.
Our latest monthly pick, this Small Cap from Oil Exploration/Refineries, is showing strong performance since announcement! See why our Investment Committee chose it after screening 50+ candidates.
- - Investment Committee approved
- - 50+ candidates screened
- - Strong post-announcement performance
Technical Strength and Moving Averages
From a technical perspective, Canara Bank’s share price is trading comfortably above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day. This broad-based technical strength suggests a well-established uptrend and reduces the likelihood of near-term corrections. The new 52-week high of ₹158 further confirms the stock’s bullish momentum and investor appetite.
Mojo Grade Upgrade and Market Capitalisation
MarketsMOJO recently upgraded Canara Bank’s Mojo Grade from Hold to Buy on 3 Sep 2025, reflecting improved fundamentals and positive outlook. The current Mojo Score stands at a robust 75.0, signalling strong buy sentiment among analysts. The bank’s market capitalisation is ₹1,42,064.54 crores, categorising it as a mid-cap stock with significant institutional interest and analyst coverage.
The upgrade in Mojo Grade is underpinned by the bank’s improving asset quality, steady growth in advances, and enhanced operational efficiencies. These factors have contributed to a more favourable risk-reward profile, attracting both retail and institutional investors.
Sectoral and Benchmark Comparison
When compared to its public sector banking peers, Canara Bank’s performance is inline with sectoral gains, which have been buoyed by improving credit demand and stable net interest margins. The Sensex’s more modest gain of 0.68% on the day highlights Canara Bank’s relative outperformance within the broader market context.
Investors should note that the bank’s liquidity and volume profile make it an attractive option for large order flows, reducing execution risk for sizeable trades. This is particularly relevant given the recent surge in delivery volumes and the stock’s ability to absorb large trades without significant price impact.
Thinking about Canara Bank? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this mid-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Outlook and Investor Considerations
Looking ahead, Canara Bank’s strong trading volumes and institutional interest suggest continued market confidence in its growth trajectory. The bank’s ability to maintain momentum above key moving averages and sustain delivery volumes well above average indicates a healthy demand-supply balance.
However, investors should remain mindful of broader macroeconomic factors such as interest rate movements, regulatory changes, and sector-specific risks that could influence banking sector performance. The recent Mojo Grade upgrade and strong technical indicators provide a compelling case for accumulation, but prudent portfolio management remains essential.
Summary
In summary, Canara Bank’s stock has demonstrated robust value turnover and institutional buying interest, supported by a recent upgrade in analyst sentiment. The stock’s technical strength, liquidity profile, and consistent gains over the past four sessions position it favourably within the public sector banking space. With a market cap exceeding ₹1.42 lakh crores and a Mojo Score of 75.0, Canara Bank remains a key stock to watch for investors seeking exposure to India’s banking sector.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today
