Canara Bank Share Price Hits 52-Week High; Stock Market Today Update

Market Performance

The stock market today saw Canara Bank share price extend its rally for the fourth straight session. On Wednesday, September 24, the PSU lender climbed another 2.2% to touch a fresh 52-week high of ₹124.55 per share.

What makes the move more striking is that it came on a day when overall market sentiment was subdued. Yet, Canara Bank continued its upward march, building on the strong momentum it has carried through September.

Main News: September Surge

September 2025 has been a turning point for the state-owned bank. After struggling for three consecutive months, Canara Bank share price surged nearly 19% in September, making it the biggest monthly jump in three years.

• The last time the bank witnessed such a strong monthly move was October 2022, when it gained 27%.
  
  
• The current rally has pushed the stock’s year-to-date (YTD) gains to 23%, underscoring its consistent performance across 2025.
  
  
• If momentum continues through the remaining months, it would mark the fifth consecutive year of positive returns for the PSU bank stock.
  
  

Company Details

The rally comes after a period of subdued performance earlier in the year, where the stock remained under pressure for three months in a row. The turnaround highlights how quickly sentiment can shift in banking stocks once supportive triggers emerge.

Market discussions point to developments around foreign portfolio investment (FPI) limits for PSU banks and improving credit demand expectations as potential tailwinds. These have contributed to renewed optimism around the sector and particularly boosted Canara Bank share price in recent weeks.

Summary

To sum up, Canara Bank share price today touched ₹124.55, its highest level in a year, after logging nearly 19% gains in September 2025. This marks the bank’s strongest monthly rise in three years, extending its winning streak to four straight sessions.

With year-to-date returns already at 23%, the PSU lender has outperformed broader market moves, positioning itself as one of the notable banking stories in the stock market this year.