Canara Bank stock surges 10%, hits 21-month high in a subdued market

Ace investor Rakesh Radheshyam Jhunjhunwala held 29.10 million equity shares or 1.6 per cent stake in Canara Bank as on September 30, 2021.

Shares of Canara Bank hit a 21-month high of Rs 214.50 after they rallied 10 per cent on the BSE in Friday’'s intra-day trade on the back of heavy volumes. The stock of the state-owned bank was trading at its highest level since January 2020.

At 11:45 am, Canara Bank was trading 9.6 per cent higher at Rs 214.20, as compared to a 0.11 per cent decline in the S&P BSE Sensex. In the past one month, it has surged 28 per cent, as against a 0.89 per cent gain in the benchmark index. A combined 35.81 million equity