Canara Bank Share Price Today

Techno Funda Ratings

RS Rating
50
Moderate
EPS Rating
50
Moderate
A/D Rating
D
Weak

Key Metrics

Current Price

₹125.65

Market Cap

₹ 1,13,973 Cr.

Stock P/E

6.35

ROE

16.1 %

RSI

55.67

Trend

Bearish

Share Price Chart

Technical Commentary

Canara Bank currently shows Bearish momentum based on moving averages, RSI behavior, earnings strength and institutional accumulation activity. The stock currently has an Accumulation Distribution Rating of D, a Relative Strength Rating of 50 and an EPS Rating of 50. TI65 trend indicator currently remains Neutral.

Buy or Sell Analysis

Chronic Downtrend / Potential Value Trap (Neutral / Avoid). Canara Bank continues to trade in a weak macro layout below its 50 DMA (129.42). While a trailing Stock P/E of 6.35 might look cheap on the surface, a low baseline efficiency score (ROE: 16.1%) and a poor TI65 trend signature (Neutral) suggest the stock may be a structural value trap. The price is drifting downward without clear directional momentum, and the neutral RSI of 55.67 indicates a lack of urgent buying or selling pressure. Do not average down into this declining chart. Keep a neutral stance and preserve cash until the asset breaks above its overhead resistance ceilings (R1/R2 lines) with high institutional volume.

Company Overview

Canara Bank was merged with erstwhile Syndicate Bank in FY21. Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI. The bank is headquartered in Bangalore.Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on April 1, 2020.

Canara Bank share price remains one of the actively tracked stocks on NSE among traders and long term investors.

The latest Canara Bank share price NSE movement reflects ongoing investor interest driven by company fundamentals, sector performance and broader market sentiment.

From a technical analysis perspective, the Canara Bank share price chart currently indicates a Bearish trend based on moving averages and RSI momentum analysis.

Technical Analysis

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IndicatorValue
Current Price125.65
RSI (14)55.67
50 DMA129.42
200 DMA139.39
TrendBearish
A/D RatingD
RS Rating50
EPS Rating50
TI650.97
TI65 TrendNeutral

Pivot Points Analysis

Daily pivot points for Canara Bank calculated using previous trading session data. These levels help traders identify intraday support, resistance and breakout zones using Classic Pivot Point methodology.

Classic Pivot Points

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LevelValue
R3₹131.15
R2₹128.99
R1₹127.32
PP₹125.16
S1₹123.49
S2₹121.33
S3₹119.66

Financial Ratios

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MetricValue
Market Cap₹ 1,13,973 Cr.
Current Price₹ 126
High / Low₹ 163 / 104
Stock P/E6.35
Book Value₹ 130
Dividend Yield3.34 %
ROCE6.52 %
ROE16.1 %
Face Value₹ 2.00

Quarterly Results

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QuarterSalesProfitOPM
Mar 20233,364
Jun 20233,755
Sep 20233,829
Dec 20233,827
Mar 20243,991
Jun 20244,098
Sep 20244,227
Dec 20244,256
Mar 20255,111
Jun 20253,233
Sep 20254,896
Dec 20255,174
Mar 20264,575

Shareholding Pattern

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HolderHolding
Promoters 66.30%
FIIs 5.28%
DIIs 21.23%
Public 7.19%
No. of Shareholders1,64,670

Pros and Cons

Pros

  • Healthy return on equity of 16.1% indicating strong capital allocation efficiency.

Cons

  • Primary trend direction remains weak, stuck underneath major defensive supply barriers.

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Frequently Asked Questions

What is the current technical trend and RSI for Canara Bank share?

Based on the latest closing data, the technical momentum for Canara Bank is currently evaluated as Bearish. The stock is exhibiting an RSI (14) of 55.67, indicating it is trading in a neutral balanced zone. Key tracking supports are currently located near the daily pivots, with price relative to the 50 DMA (129.42) defining immediate multi-day trend patterns.

What are the key resistance and support pivot points for Canara Bank?

According to Classic Pivot Point methodologies, the core trading floor for Canara Bank today centers at a Pivot Point (PP) of ₹125.16. Upside resistance challenges are calculated at R1: ₹127.32, R2: ₹128.99, and R3: ₹131.15. Conversely, if selling pressure intensifies, immediate floor support targets are positioned at S1: ₹123.49, S2: ₹121.33, and S3: ₹119.66.

How does the fundamental ROE and P/E ratio look for Canara Bank?

Canara Bank is currently trading with a valuation metrics context of a Stock P/E of 6.35, against a core structural efficiency Return on Equity (ROE) standing at 16.1 %. This fundamental operational efficiency baseline is coupled with an EPS Rating of 50, allowing investors to track how corporate profitability trends align with current price discovery cycles on the National Stock Exchange (NSE).

Should I buy or sell Canara Bank shares based on corporate rankings?

Our dynamic trade matrix suggests a status of: Chronic Downtrend / Potential Value Trap (Neutral / Avoid). Canara Bank continue... For long-term portfolios, decision-making should match the stock's market performance profile, which currently displays an institutional Accumulation/Distribution (A/D) grade of D, a Relative Strength (RS) ranking of 50, and long-term trend backing from the TI65 indicator (Neutral pattern).

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