Canara Bank Share Price Today: Canara Bank (NSE: CANBK) is quoting at Rs 120.24, up 1.15% on the day as on 12:49 IST on the NSE. The stock is up 10.02% in last one year as compared to a 2.91% slide in NIFTY and a 2.86% slide in the Nifty Bank index.
- Vodafone Idea Soars 9% as Government Hints at AGR Breakthrough
- Adani Stocks Soar as SEBI Clears Hindenburg Allegations
- Intel Share Price: Nvidia Invests $5 Billion in Intel to Build New Chip Partnership
- STL Networks: Small-cap Below ₹25 Locks 5% Upper Circuit on ₹360 Cr PowerGrid Data Center Deal
- Urban Company IPO: Today’s GMP, Price, and All You Need to Know!
- Infosys Plans 5th Share Buyback: Stock Jumps Over 4%
Canara Bank Share Price Today have outperformed
Canara Bank is up for a third straight session today. The stock is quoting at Rs 120.24, up 1.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 25186.7. The Sensex is at 82118.71, down 0.05%. Canara Bank has gained around 10.49% in last one month.
As of 12:49 IST, Canara Bank share price is trading at ₹120.24, up 1.15% on the NSE. The stock has delivered a strong performance over the last one year, gaining 10.02%, while the NIFTY 50 slipped 2.91% and the Nifty Bank index declined 2.86% in the same period.
This shows that Canara Bank shares have outperformed broader market indices, signaling investor confidence in the banking stock despite overall market weakness.
Market experts believe that Canara Bank’s consistent growth, stable fundamentals, and improving financial performance have supported its upward momentum.
Investors are closely watching whether the stock can sustain this rally and continue its outperformance against major indices.
Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has gained around 0.68% in last one month and is currently quoting at 55284.75, up 0.41% on the day. The volume in the stock stood at 178.19 lakh shares today, compared to the daily average of 174.91 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 120.56, up 1.07% on the day. Canara Bank is up 10.02% in last one year as compared to a 2.91% slide in NIFTY and a 2.86% slide in the Nifty Bank index.
The PE of the stock is 6.03 based on TTM earnings ending June 25.