Canara Bank's Stock Price Declines by -3.57% on October 25th, 2024

Canara Bank, one of the leading public banks in India, has seen a decline in its stock price on October 25th, 2024. The stock closed at Rs. 94.65, down by -3.57% from the previous day's closing. This underperformance was also reflected in the sector, as Public Banks fell by -2.08%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Canara Bank is 'Sell'. This is based on the fact that the stock has fallen after two consecutive days of gains and is currently trading below its 5, 20, 50, 100, and 200 day moving averages.

In terms of dividend yield, Canara Bank offers a high yield of 3.28% at the current price. However, investors should note that the stock has been on a downward trend in the past month, with a decline of -12.51%, compared to the Sensex's performance of -6.52%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the performance of Canara Bank, a largecap company in the public banking industry.