Canara Bank's Stock Sees Decline, Underperforms Sector by -0.39% on October 22

Canara Bank, one of the leading public banks in India, has seen a decline in its stock price on October 22, 2024. The stock has lost -3.55% on this day, underperforming the sector by -0.39%. The stock has been on a consecutive fall for the last two days, with a decline of -4.73% in this period.

On October 22, Canara Bank's stock touched an intraday low of Rs 99.4, showing a decrease of -3.35%. The stock is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

The public banks sector has also seen a decline of -2.68%, further adding to the negative sentiment in the market. However, Canara Bank's stock does offer a high dividend yield of 3.13% at the current price.

In comparison to the overall market performance, Canara Bank's stock has underperformed. On October 22, the stock's performance was -3.35% while the Sensex's performance was -0.49%. In the last month, Canara Bank's stock has seen a decline of -5.29% while the Sensex's performance was -4.49%.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Canara Bank's stock. As a largecap company in the public banks industry, Canara Bank's performance will continue to be closely monitored by investors.