Canara Bank Extends Gains; Stock Hits Fresh 52-Week High After Strong Q2 FY26 Earnings
By Shishta Dutta | Published at: Oct 31, 2025 03:17 PM IST
Mumbai, October 31, 2025: Shares of Canara Bank (NSE: CANBK, BSE: 532483) continued their rally on Friday, touching a new 52-week high of ₹138.60. The rally in the share price of the bank came after it announced the financial results for the quarter ended September 2025. The bank showed a strong uptick in profitability and improved asset quality during Q2FY26.
Post-Result Rally Driven by Strong Q2 Earnings
As the bank announced its financial results for earning in Q2FY26 on Thursday, it reported an 18.7% increase on a YoY basis in consolidated net profit, reaching ₹4,865.76 crore for the July–September quarter, up from ₹4,100.32 crore in the year-ago period. The bank’s interest income grew 6.3% on a YoY basis to ₹32,072 crore, while its total income rose 10.5% on a YoY basis, reaching ₹42,014 crore for the quarter. The bank’s gross NPA ratio also improved, reaching 2.35% from 3.73% a year earlier, while its net NPA declined to 0.54%, reflecting continued asset quality gains. Further, the bank’s Return on Assets stood at 1.10%, while the Capital Adequacy Ratio (Basel III) remained strong at 16.26%.
Stock Performance Snapshot
As of October 31, 2025, 2:45 pm, the share price of Canara Bank was trading at ₹137.79, an increase of 3.69% or ₹4.90. The shares opened in green at ₹131.39, and quickly reached a new 52-week high of ₹138.60. The company has had a decent trading session so far, with total traded volume and traded value standing at 697.38 lakhs and ₹950.60 crore, respectively, while the total market cap stood at ₹1,25,011.72 crore. Riding on positive investor sentiments, the stock was on the top gainers list for the day.
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