Shares of state-owned Canara Bank continued to rally for the third consecutive session on Wednesday, September 24, 2025. The action in the stock market continued even as benchmark indices, Sensex and Nifty, remained volatile amid foreign fund outflows and concerns over the steep hike in US H-1B visa fees, which continued to dent investors' sentiment. The stock opened in the green at Rs 122.40 on the BSE, against its previous close of Rs 121.90. Amid a spurt in volume by more than 1.10 times, the stock surged 2.21 per cent to hit an intraday high of Rs 124.6, also a fresh 52-week high. The 52-week low of the stock is Rs 78.58.
Last seen, the stock was trading at Rs 123.40 with a gain of 1.23 per cent from the previous close. The market cap of the company stood at Rs 1,11,931.84 crore.
On the National Stock Exchange, the stock opened at Rs 122.70, compared to its previous close of Rs 121.90. The stock touched an intraday high of Rs 124.55 and an intraday low of Rs 122.25.
Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Share Price History
The stock of the state-owned bank has given a multibagger return of 640.84 per cent in five years and 169 per cent in three years. In one year, the counter has gained 12.85 per cent, compared to a 3.76 per cent correction in the benchmark index.
Bank May Sell Its Excess Priority Sector Loans In Q2
The lender plans to sell its excess priority sector loans in the ongoing quarter to compensate for the stress on margins due to the moderation in interest rates.
During the quarter ended June 2025, the bank earned Rs 1,248 crore as commission by selling priority sector loans.
Canara Bank has already initiated the process for listing of asset management joint venture Canara Robeco AMC. The bank is planning to sell its 13 per cent stake in the mutual fund arm through initial public offering (IPO).
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
