Canara Bank Share Price Today: Strong Rally or Warning Sign?

Canara Bank share price today is ₹156.06 on NSE, up 1.24 percent in early trade. The stock is moving close to its 52-week high of ₹160.79. Despite recent revenue decline in Q3 FY26, investors are still showing interest in this PSU banking stock.

Latest Price and Key Numbers

Canara Bank Ltd opened at ₹155.00 and touched a high of ₹156.74. The day’s low stood at ₹154.74. The market cap is around ₹1.42 lakh crore, which makes it one of the large public sector banks in India.

The P/E ratio is 7.71. That is relatively low compared to many private banks. Dividend yield stands at 2.56 percent, which looks attractive for income-focused investors. The quarterly dividend amount is ₹1.00.

The 52-week low was ₹78.60. From there to current levels, the stock has almost doubled. That tells you momentum has been strong over the year.

Q3 FY26 Financial Performance

In Q3 FY26, revenue came at ₹7.96K crore. That shows a sharp 42.58 percent year-on-year decline. Earnings per share slightly missed estimates by 1.76 percent. Revenue also missed expectations marginally.

Those numbers are not exciting. Yet the stock is holding firm. Sometimes markets price in concerns early, and then stabilize once clarity improves.

Why Is the Stock Still Rising?

Public sector banks have seen renewed interest due to improving asset quality and stronger balance sheets across the sector. Lower P/E ratios attract value investors. Many see Canara Bank as reasonably priced compared to private peers.

Also, dividend yield above 2 percent adds comfort. For long-term holders, steady payouts matter.

Still, revenue decline needs attention. Future quarters must show stability or growth. Otherwise, pressure can build.

Should You Watch or Wait?

Canara Bank share price is near its yearly high. Buying near highs always carries some risk. But valuation remains moderate. Investors should track loan growth, net interest margin, and asset quality trends closely.

For now, the stock remains one of the stronger PSU banking names in the market. The next earnings update will be crucial.