Canara Bank Experiences Surge in Trading Volume Amid Positive Market Momentum

Canara Bank, a prominent player in the public sector banking industry, has shown significant trading activity today, making it one of the most active equities by volume. The stock, trading under the symbol CANBK, recorded a total traded volume of 42,504,670 shares, with a total traded value of approximately Rs 47,792.25 lakhs.
Opening at Rs 111.12, Canara Bank reached a day high of Rs 115.00 before settling at a last traded price of Rs 114.56. This reflects a 1.51% increase in its one-day return, outperforming the sector's return of 1.38%, while the broader Sensex experienced a decline of 0.72%.

Notably, Canara Bank has been on an upward trajectory, gaining for the last two days and achieving a total return of 4.8% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

Investor participation has also surged, with a delivery volume of 4.01 crore shares on May 30, marking a 224.23% increase compared to the 5-day average. With a market capitalization of Rs 1,05,664.02 crore, Canara Bank remains a liquid stock, suitable for trades of Rs 7.83 crore based on 2% of the 5-day average traded value. Overall, Canara Bank's performance today reflects robust activity and positive momentum in the market.