Canara Bank Trades 13.04 Million Shares Today, Declines 0.98% to Rs 125.48

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 13,047,239 shares and a total traded value of approximately Rs 165.37 crores. The stock opened at Rs 128.50, reaching a day high of Rs 128.55, which marks a new 52-week high for the bank. However, it has also experienced a decline, with the last traded price at Rs 125.48, reflecting a 1D return of -0.98%, underperforming its sector, which saw a decline of 0.41%.
Despite this recent downturn, Canara Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Notably, the stock has seen a reversal after six consecutive days of gains. Additionally, the bank boasts a high dividend yield of 3.12% at the current price, and its liquidity remains robust, accommodating trade sizes of up to Rs 9.45 crores based on 2% of the 5-day average traded value.

In summary, while Canara Bank has faced a slight setback today, its overall performance metrics suggest a solid standing within the midcap segment of the public sector banking industry.