Corporate Actions
Canara Bank hits 52-week high; jumps 7% in six days

24-Nov-22   15:21 Hrs IST
Shares of Canara Bank surged 6.83% in six consecutive sessions.

On the BSE, 3.51 lakh shares were traded in the counter so far compared with average daily volumes of 3.10 lakh shares in the past two weeks.

The stock hit 52 week high of Rs 329 today, 24 November 2022. The stock hit a 52-week low of Rs 171.70 on 20 June 2022.

The stock had outperformed the market over the past one month, rising 13.23% compared with 4.21% rise in the Sensex.

The scrip outperformed the market in past one quarter, climbing 37.34% as against Sensex's 5.95% rise.

The scrip had also outperformed the market in past one year, surging 53.58% as against Sensex's 5.91% rise.

On the technical front, the stock's daily RSI (relative strength index) stood at 80.526. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 265.00, 244.91 and 231.68 respectively.

Canara Bank is a public sector bank. As of 30 September 2022, the Government of India held 62.93% in the bank. Its standalone net profit surged 89.51% to Rs 2,525.47 crore on 16.88% rise in total income to Rs 24,932.19 crore in Q2 FY23 over Q2 FY22.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.