Canara Bank Share Price Hits Fresh 52-Week High as Stock Jumps 10% in 3 Sessions

Bengaluru, November 3: Canara Bank’s share price is witnessing positive investor demand today, after the company reported strong Q2 FY 26 results. As of 1:50 PM, the Canara Bank share price was up by 1.89%, or 2.59 points, and was trading at ₹139.58. The stock also touched its 52-week high at ₹141.45. Until now, the shares have traded within a range of ₹141.45 and ₹137.30. The traded volume stood at 4.96 crore shares, with the company’s market cap at ₹1,24,259 crore. The shares of Canara Bank have their 52-week high at ₹141.45 and their 52-week low at ₹78.60.

Shares Rise After Strong Q2 FY26 Results

Canara Bank posted a net profit of ₹4,774 crore, which is a 19% year-on-year increase from ₹4,014 crore in Q2 FY25. Net interest income (NII) fell 2% YoY to ₹9,141 crore from ₹9,315 crore. The operating profit jumped 12.2% YoY to ₹8,588 crore from ₹7,653 crore. The bank’s global business also expanded 13.55% YoY to ₹26,78,963 crore from ₹23,58,688 crore. Global deposits increased 13.40% YoY to ₹15,27,922 crore, while advances rose 13.74% YoY to ₹11,51,041 crore.

The Gross NPA (GNPA) reduced to 2.35% in Q2 FY26 from 3.73% in Q2 FY25 (down by 138 bps). The Net NPA (NNPA) fell to 0.54% from 0.99%, which is a reduction of 45 bps. The credit cost improved to 0.68% from 0.97%, a decline of 29 bps. The Provision Coverage Ratio (PCR) rose sharply by 270 bps to 93.59%. Meanwhile, Return on Assets (ROA) improved by 7 bps to 1.12% from 1.05% in the same quarter last year.

The strong financials posted by Canara Bank have positively impacted investor sentiments, leading to a share price increase. The shares are witnessing strong demand and have risen around 10% in the last three sessions. It remains to be seen if the shares can sustain this momentum in the coming days.

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