Canara Bank's Stock Sees 4.02% Growth, Outperforms Sector on November 25, 2024

Canara Bank, one of the leading public banks in India, has seen a positive growth in its stock price on November 25, 2024. The stock has gained 4.02% on this day, outperforming the sector by 0.7%. MarketsMOJO has given a 'Hold' call for the stock.

The stock opened with a gain of 3.04% and touched an intraday high of Rs 100.8, which is a 3.92% increase from the previous day's closing price. Canara Bank has been on a consecutive gain for the last 2 days and has seen a rise of 6.56% in its returns during this period.

In terms of moving averages, the stock is currently higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a mixed trend in the stock's performance.

In the public banks sector, Canara Bank has gained by 3.48%, which is a positive sign for the company. Additionally, the stock has a high dividend yield of 3.32% at the current price.

Comparing the performance of Canara Bank with the overall market, the stock has outperformed the Sensex by 4.12% in the last 1 day and by 7.05% in the last 1 month. This shows a strong performance by the company in the given time period.

Overall, Canara Bank has shown a positive growth in its stock price and has received a 'Hold' call from MarketsMOJO. With a strong performance in the public banks sector and a high dividend yield, the company continues to be a promising player in the market.