Canara Bank Surges with 14.6 Million Shares Traded Today, Reaching 52-Week High

Canara Bank, a prominent player in the public sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 14,639,817 shares and a total traded value of approximately Rs 191.50 crores. The stock opened at Rs 130.39 and reached a day high of Rs 131.77, marking a new 52-week high, while the day low was recorded at Rs 129.38. As of the latest update, the last traded price stands at Rs 129.40.
The bank has shown a consistent upward trend, gaining 3.88% over the past two days, with a daily return of 0.51%. Canara Bank's performance aligns closely with sector trends, which saw a 1D return of 0.87%, while the Sensex recorded a modest 0.25% increase. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.

Investor participation has also increased, with a delivery volume of 1.86 crore shares on October 27, reflecting a 67.7% rise compared to the 5-day average. With a market capitalization of Rs 1,17,727.98 crores, Canara Bank maintains a high dividend yield of 3.1%, further enhancing its appeal in the market. Overall, Canara Bank's performance today underscores its robust position within the midcap segment of the banking industry.