Canara Bank's Stock Price Declines on October 7th, Underperforms Sector and Sensex

Canara Bank, one of the largest public banks in India, has seen a decline in its stock price on October 7th, 2024. The stock has lost -3.53% and is currently trading at a lower price compared to its moving averages of 5, 20, 50, 100, and 200 days. This underperformance is also reflected in the sector, as Public Banks have fallen by -2.83%.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Canara Bank is 'Hold'. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -8.14% in returns during this period. On October 7th, the stock touched an intraday low of Rs 103.6, a decrease of -3.76%.

In comparison to the overall market performance, Canara Bank has underperformed the Sensex by -1.07% on the same day. However, the stock has shown a positive 1-month performance of 0.39%, while the Sensex has seen a slight decline of -0.15%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Canara Bank's stock. As with any investment, it is always advisable to conduct thorough research and consult with a financial advisor before making any decisions.