Robust Trading Activity and Price Performance
On the trading day of 26 Feb 2026, Canara Bank recorded a total traded volume of 1,00,61,873 shares, translating into a substantial traded value of ₹16,223.76 lakhs. The stock opened at ₹159.37 and touched a new 52-week high of ₹162.89, closing at ₹159.76 as of 09:45 IST. This represents a day-on-day price appreciation of 0.72%, outperforming the Public Sector Bank sector’s gain of 0.32% and the broader Sensex’s 0.24% rise.
Notably, Canara Bank has been on a consistent upward trajectory, registering gains for five consecutive trading sessions and delivering a cumulative return of 7.31% over this period. The stock is currently trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling sustained bullish momentum and strong technical support.
Institutional Interest and Rising Investor Participation
Investor participation has surged markedly, with delivery volume on 25 Feb reaching 2.7 crore shares, a remarkable 100.43% increase compared to the five-day average delivery volume. This surge in delivery volume indicates strong conviction among long-term investors and institutional players, reinforcing the stock’s appeal amid the broader banking sector.
Liquidity remains robust, with the stock’s average traded value over five days supporting trade sizes up to ₹9.59 crore without significant price impact. This liquidity profile is crucial for institutional investors seeking to build or exit sizeable positions efficiently.
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Mojo Score Upgrade Reflects Improved Fundamentals
MarketsMOJO has upgraded Canara Bank’s Mojo Grade from Hold to Buy as of 03 Feb 2026, reflecting an improved Mojo Score of 78.0. This upgrade underscores the bank’s strengthening fundamentals, favourable valuation metrics, and positive technical outlook. The stock’s Market Cap Grade remains at 1, categorising it firmly within the large-cap segment with a market capitalisation of ₹1,45,202.99 crore.
The upgrade is supported by Canara Bank’s consistent operational performance, improving asset quality, and strategic initiatives to enhance digital banking capabilities. These factors have contributed to investor confidence and a more favourable risk-reward profile.
Sectoral and Market Context
Within the Public Sector Bank sector, Canara Bank’s outperformance is notable given the sector’s modest 0.32% gain on the day. The bank’s ability to outperform both its sector and the Sensex highlights its relative strength amid a cautiously optimistic banking environment. This is particularly significant as public sector banks navigate challenges such as credit growth moderation and asset quality pressures.
Canara Bank’s rising investor interest and liquidity profile position it well to capitalise on any sectoral upswings or macroeconomic tailwinds, including potential policy support and improving credit demand.
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Outlook and Investor Considerations
Given the current momentum, Canara Bank appears well-positioned for further gains, supported by strong institutional interest and improving technical indicators. The stock’s ability to sustain above key moving averages and its recent 52-week high of ₹162.89 suggest a positive near-term trend.
However, investors should remain mindful of sector-specific risks such as regulatory changes, asset quality fluctuations, and macroeconomic uncertainties that could impact banking stocks. Continuous monitoring of quarterly earnings and credit growth trends will be essential to validate the sustainability of the current uptrend.
For long-term investors, the upgraded Mojo Grade and robust liquidity profile enhance Canara Bank’s attractiveness as a core portfolio holding within the public sector banking space.
Summary
In summary, Canara Bank’s elevated trading volumes, strong price performance, and institutional participation have propelled it to the forefront of value turnover on 26 Feb 2026. The MarketsMOJO upgrade to a Buy rating further cements its status as a compelling large-cap banking stock. With a market cap exceeding ₹1.45 lakh crore and a positive technical setup, Canara Bank remains a key stock to watch in the public sector banking sector.
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