Canara Bank Sees Surge in Trading Activity Amid Positive Market Momentum

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 47,869,167 shares and a total traded value of approximately Rs 55,738.86 lakhs. The stock opened at Rs 114.76, matching its previous close, and reached a day high of Rs 117.4 before settling at a last traded price of Rs 116.9.
In terms of performance, Canara Bank has outperformed its sector by 0.41% and has shown a consistent upward trend, gaining for the last three consecutive days with a total return of 5.85% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish sentiment.

Investor participation has also seen a notable increase, with a delivery volume of 2.67 crore shares on June 2, reflecting a 43.1% rise compared to the 5-day average delivery volume. The liquidity of the stock remains robust, accommodating trade sizes of Rs 9.44 crore based on 2% of the 5-day average traded value.

Overall, Canara Bank's performance today highlights its active market presence and positive momentum within the public sector banking landscape.