The Canara Bank Shares Prices Live Updates: Canara Bank Closed at ₹558.1 Today, Down -3.25% from ₹576.85 Yesterday. decreased by 3.25% today, May 8, 2024. The share price of the stock concluded at 576.85. At the moment, the stock is trading at 558.1 per share. Investors should keep a careful eye on Canara Bank’s stock price in the upcoming days and weeks to see how it responds to the news.
Canara Bank Shares Prices Today: Canara Bank’s stock opened at ₹580 and closed at ₹576.85 on the last trading day. The high for the day was ₹594, while the low was ₹576. With a market cap of ₹107,323.95 crores, the 52-week high for the stock is ₹632.65 and the 52-week low is ₹291.3. On the BSE, the trading volume for Canara Bank was 342,060 shares.
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Canara Bank share prices NSE Live: Shareholding information
Canara Bank has a 7.40% MF holding & 10.55% FII holding per filings in the March quarter.
The MF holding decreased from 7.62% in December to 7.40% in March.
The FII holding decreased from 11.21% in December to 10.55% in March.
Canara Bank share price Today: Return metrics and efficiency
Canara Bank’s return on equity (ROE) for the most recent fiscal year is 15.21%. The return on investment (ROI) value for the last fiscal year is -99999.99%. The consensus estimates for ROE in the current and upcoming fiscal year are 0.00% each.
Canara Bank share price Live: Financial performance
Canara Bank’s EPS has decreased by a significant percentage over the last 3 years, while its revenue has shown a moderate increase. In the trailing twelve months, the company’s revenue is higher compared to the most recent fiscal year. There is a predicted growth in both revenue and profit for the upcoming quarter.
Canara Bank share price live: Consensus Analysts rating is Buy
The analyst recommendation trend is shown below with the current rating as Buy.
- The median price target is ₹506.0, 9.34% lower than the current market price.
- The lowest target price among analyst estimates is ₹360.0
- The highest target price among analyst estimates is ₹670.0
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
| Strong Buy | 6 | 6 | 6 | 5 |
| Buy | 4 | 4 | 4 | 5 |
| Hold | 2 | 2 | 2 | 2 |
| Sell | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 |
Canara Bank share price live: Stock Peers
Canara Bank’s stock price dropped by 3.25% today to reach ₹558.1, while its counterparts are experiencing a mixed performance. Indusind Bank is declining, but Union Bank of India, IDBI Bank, and Yes Bank are showing gains. The benchmark indices, Nifty and Sensex, are steady at 0% and -0.06% respectively.
| Name | Latest Price | Change | % Change | 52W High | 52W Low | Mkt. Cap (cr) |
|---|---|---|---|---|---|---|
| Indusind Bank | 1447.1 | -5.5 | -0.38 | 1694.35 | 1080.0 | 112630.68 |
| Union Bank Of India | 144.2 | 2.5 | 1.76 | 163.15 | 68.0 | 98557.06 |
| Canara Bank | 558.1 | -18.75 | -3.25 | 632.65 | 291.3 | 101246.61 |
| IDBI Bank | 85.8 | 0.64 | 0.75 | 98.7 | 52.59 | 92255.61 |
| Yes Bank | 22.98 | 0.11 | 0.48 | 32.81 | 14.1 | 66108.59 |
Canara Bank share price live: Today’s Price range
Canara Bank’s stock reached a low of ₹554.4 and a high of ₹598.5 on the current day.
Canara Bank share price Live: Futures trading lower by -3.36%; Futures open interest increased by 13.71%
A decrease in futures price, coupled with increased open interest in Canara Bank, indicates a potential downward price trend in the upcoming days. Traders may consider maintaining their short positions accordingly.
Canara Bank share price update :Canara Bank closed today at ₹558.1, down -3.25% from yesterday’s ₹576.85
Canara Bank share price closed the day at ₹558.1 – a 3.25% lower than the previous closing price. For the next trading session key resistances to watch for are 585.67 , 614.13 , 629.77. On the other hand key support levels could be found at 541.57 , 525.93 , 497.47.
Please note these support and resistance levels are derived from the classic pivot table.
Canara Bank share price NSE Live :Canara Bank trading at ₹557.45, down -3.36% from yesterday’s ₹576.85
The current market price of Canara Bank has broken the first support of ₹567.53 & second support of ₹557.52 indicating a strong bearish move but traders need to monitor for possible reversals from ₹542.83. If the stock price breaks the final support of ₹542.83 then it indicates a significant selling pressure and prices can erode further.
Canara Bank Short Term and Long Term Trends
As per the Technical Analysis, short term trend of Canara Bank share is Bearish and long term trend is Bullish
Canara Bank share price live: Simple Moving Average
| Days | Simple Moving Average |
|---|---|
| 5 Days | 617.72 |
| 10 Days | 603.15 |
| 20 Days | 603.82 |
| 50 Days | 584.16 |
| 100 Days | 525.10 |
| 300 Days | 443.32 |
Canara Bank share price update: Volume traded till 2 PM is 80.75% higher than yesterday
The volume of Canara Bank shares traded by 2 PM today has increased by 80.75% compared to yesterday. The price per share is currently at ₹559.5, showing a decrease of -3.01%. Analyzing both volume and price is crucial for understanding market trends. A rise in price accompanied by higher trading volume indicates a stable upward trend, while a decrease in price with increased volume could signal further price declines.
Canara Bank share price NSE Live: Hourly Price Movement Update
Canara Bank reached a peak of 598.5 and a trough of 570.65 in the previous trading hour. In the last hour, the stock breached all support levels on an hourly timeframe. Traders may want to consider potential shorting opportunities.
The hourly support and resistance levels to watch out in the next hour are mentioned below.
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | 590.82 | Support 1 | 562.97 |
| Resistance 2 | 608.58 | Support 2 | 552.88 |
| Resistance 3 | 618.67 | Support 3 | 535.12 |
Canara Bank share price live: Consensus analysts rating is Buy
The analyst recommendation trend is shown below with the current rating as Buy.
- The median price target is ₹506.0, 12.06% lower than current market price.
- The lowest target price among analyst estimates is ₹360.0
- The highest target price among analyst estimates is ₹670.0
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
| Strong Buy | 6 | 6 | 6 | 5 |
| Buy | 4 | 4 | 4 | 5 |
| Hold | 2 | 2 | 2 | 2 |
| Sell | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 |
Canara Bank share price Live :Canara Bank trading at ₹584.7, up 1.36% from yesterday’s ₹576.85
Canara Bank share price is at ₹584.7 and is still trading between the key support and resistance levels of ₹567.53 and ₹592.23 on a daily timeframe. If it crosses the support of ₹567.53 then we can expect a further bearish movement. On the other hand if the price crosses 592.23 then it will lead to a bullish movement.
Canara Bank share price update : Volume traded till 1 PM is -4.89% lower than yesterday
The volume of Canara Bank traded until 1 PM is 4.89% lower than yesterday, while the price is currently trading at ₹592.55, reflecting a decrease of 2.72%. Volume traded is a crucial indicator, along with price, for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upward trend, whereas a negative price movement with increased volume may signal further price declines.
Canara Bank share price NSE Live : Hourly Price Movement Update
Canara Bank reached a peak of 596.3 and a bottom of 590.45 in the recent trading session. During this time, the stock price exceeded both the hourly resistances of 593.53 and 596.02, suggesting a strong positive sentiment. Traders may want to consider implementing trailing stop losses to safeguard profits.
The hourly support and resistance levels to watch out in the next hour are mentioned below.
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | 597.62 | Support 1 | 591.77 |
| Resistance 2 | 599.88 | Support 2 | 588.18 |
| Resistance 3 | 603.47 | Support 3 | 585.92 |
Canara Bank share price Today : Futures trading higher by 3.39%; Futures open interest increased by 2.92%
An increase in futures price and open interest in Canara Bank indicates a potential for positive price movement in the near future. Traders are advised to maintain their long positions.
Canara Bank share price live: Today’s Price range
Canara Bank stock’s price fluctuated between a low of ₹576 and a high of ₹595.5 on the current day.
Canara Bank Shares Prices update : Hourly Price Movement Update
The stock price has been moving between 594.6 and 585.25 levels in the last hour. Traders may want to consider rangebound trading strategies, such as buying near the hourly support at 585.25 and selling near the hourly resistance at 594.6.
The hourly support and resistance levels to watch out in the next hour are mentioned below.
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | 593.53 | Support 1 | 589.03 |
| Resistance 2 | 596.02 | Support 2 | 587.02 |
| Resistance 3 | 598.03 | Support 3 | 584.53 |
Canara Bank Shares Prices live: Simple Moving Average
| Days | Simple Moving Average |
|---|---|
| 5 Days | 617.72 |
| 10 Days | 603.15 |
| 20 Days | 603.82 |
| 50 Days | 584.16 |
| 100 Days | 525.10 |
| 300 Days | 443.32 |
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Canara Bank Short Term and Long Term Trends
As per the Technical Analysis, short term trend of Canara Bank share is Bearish and long term trend is Bullish
Canara Bank share price Live: Canara Bank closed at ₹576.85 on last trading day & the technical trend suggests Bearish near term outlook
The stock traded in the range of ₹594 & ₹576 yesterday to end at ₹576.85. Following a strong uptrend, the stock is indicating signs of a reversal.
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