Canara Bank Share Price Hits This Mark Today

July 16, 2025: Canara Bank share price, a prominent player in the Public Sector Banks category and classified as a Largecap on the BSE, is currently trading at ₹115.7 per share. The stock experienced mild volatility today, hitting a low of ₹114.65 and a high of ₹116.5. Over the past year, the stock has seen a 52-week low of ₹78.58 and a high near ₹119.3, reflecting steady investor interest.

In recent performance metrics, Canara Bank share price posted a daily gain of 0.78%, with returns of 4.13% over the last month and an impressive 22.32% gain in the previous three months. These figures indicate strong momentum in the bank’s stock amidst broader market trends.

From a technical perspective, the daily pivot level stands at ₹115.87, with resistance levels at ₹117.08, ₹117.72, and ₹118.93, while support levels are seen at ₹115.23, ₹114.02, and ₹113.38. The moving averages further suggest stability, with the 5-day Simple Moving Average (SMA) at ₹113.24 and the Exponential Moving Average (EMA) close behind at ₹113.75. Longer-term moving averages such as the 100-day SMA and EMA stand at ₹99.35 and ₹104.95 respectively, signaling a positive trend over time.

Canara Bank share price strong three-month returns are bolstered by solid fundamentals and improving sector conditions. When compared with key competitor State Bank of India (SBI), which posted a 3-month gain of 6.64%, Canara Bank appears to be outperforming in the short term. Over the last five years, Canara Bank’s stock has soared by over 470%, highlighting its long-term growth trajectory.

Analysts suggest that Canara Bank’s near-term price movements will hinge on broader economic indicators and sector performance, but current trends indicate a favorable outlook for investors seeking steady growth within the public sector banking space.

Investors should watch key resistance and support levels as the stock navigates market fluctuations and consider technical indicators to make informed decisions.