Canara Bank Trades Rs 14,424.58 Lakhs in Value, Highlighting Active Market Day

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 11,366,890 shares and a total traded value of approximately Rs 14,424.58 lakhs. The stock opened at Rs 128.50, reaching a day high of Rs 128.55, which marks a new 52-week high. However, it has seen a decline, with the last traded price at Rs 126.32, reflecting a 1D return of -0.98%, underperforming its sector, which recorded a -0.41% return.
Despite this recent dip, 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 experienced a trend reversal after six consecutive days of gains. Additionally, the bank boasts a high dividend yield of 3.12% at the current price, and liquidity remains robust, with a trading capacity of 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 market position within the midcap sector.