₹27.650%
0.54%
Low
Day's Volatility:1.81%
High
1.27%
45.17%
Low
52 Weeks Volatility:78.55%
High
33.38%
Returns % | |
1 Month Return | + 0.36 % |
3 Month Return | -19.86 % |
1 Year Return | + 60.29 % |
Market Stats | |
Previous Close | ₹₹27.65 |
Open | ₹₹27.85 |
Volume | ₹1.55Cr |
Upper Circuit | ₹- |
Lower Circuit | ₹- |
Market Cap | ₹₹7,233.37Cr |
based on 7 analysts
Based on 7 analysts offering long term price targets for South Indian Bank Ltd. An average target of ₹36.57
Source: S&P Global Market Intelligence
Organisation | South Indian Bank Ltd |
Headquarters | Thrissur |
Industry | Banks |
E-voting on shares | Click here to vote |
Key events for South Indian Bank Ltd
Brokerage firm Anand Rathi has recommended a buy rating for South Indian Bank Ltd with a target price of Rs 39, indicating a potential upside of around 40%. The bank's improving asset quality and lower provisions are expected to aid its core profitability. The net non-performing assets have consistently reduced in the past couple of years, while the net interest margin has marginally increased.
South Indian Bank Stock Surges 290% - 06 May, 2024
South Indian Bank's stock has quadrupled investor wealth in two years, rising 290%. Anand Rathi recommends a Buy rating with a target price of Rs. 39.
South Indian Bank Aims for Growth Despite Dip in Q4 Profit - 03 May, 2024
South Indian Bank plans to intensify efforts in retail and MSME segments, increase NIMs to 3.5%, and achieve healthy deposit growth of 10-12% in FY25 despite a dip in Q4 profit. The bank's full-year earnings showed an increase in revenue, net income, and profit margin. However, the bank's shares are down 3.9% from a week ago.
South Indian Bank Reports Decline in Q4 Net Profit - 02 May, 2024
South Indian Bank reported a 13.88% decline in Q4 FY24 net profit to Rs 287.56 crore. However, the bank registered a net profit of Rs 1,070.08 crore with a growth of 38% in FY23-24. The banks gross non-performing asset in Q4 FY24 came down by 64 basis points YoY. Shares tumbled over 5%.
South Indian Bank Partners with Tata Motors for Financing Solutions - 29 Apr, 2024
South Indian Bank has signed an MoU with Tata Motors to provide financing options for its entire line of commercial vehicles, offering attractive interest rates, flexible terms, and efficient processing. The partnership aims to enhance support to dealerships, foster growth, minimize collateral requirements, lower the rate of interest, and streamline credit processing.
South Indian Bank Undervalued with Positive Returns - 28 Apr, 2024
South Indian Bank's undervaluation is indicated by its lower P/E ratio than the industry average. The bank has delivered positive returns of about 37% in the last six months and multibagger returns of nearly 110% in the last one year. Its net profit increased by 11.3% from Q2FY24 to Q3FY24, while the net NPA decreased by 0.09%. FIIs hold 15.17% of shares as of March 2024.
South Indian Bank Partners with Ashok Leyland for Dealer Financing - 18 Apr, 2024
South Indian Bank has partnered with Ashok Leyland to provide financing support to its dealers under the banks dealer finance scheme. The bank will offer competitive dealer finance options to the dealers of the leading truck and bus maker.
Citigroup Global Markets Mauritius Buys Stake in South Indian Bank - 09 Apr, 2024
Foreign investor Citigroup Global Markets Mauritius has purchased a 0.67% equity stake in South Indian Bank for Rs 50.85 crore, with Copthall Mauritius Investment as the seller.
Fundamentals of South Indian Bank Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Best in 3 Years
In the last 3 years, SOUTHBANK has outperformed top 5 stocks with highest market-cap in Banks
FII Holding Up
Foreign Institutions have increased holdings from 14.68% to 15.17% in Mar 2024 quarter
Best in 1 Year
In the last 1 year, SOUTHBANK has outperformed top 5 stocks with highest market-cap in Banks
Retail Holding Up
Retail Investor have increased holdings from 77.72% to 80.16% in Mar 2024 quarter
MF Holding Down
Mutual Funds have decreased holdings from 4.53% to 1.69% in Mar 2024 quarter
Price Dip
In the last 3 months, SOUTHBANK stock has moved down by -19.9%
Profit Down
Netprofit is down for the last 2 quarters, 305.38 Cr → 287.33 Cr (in ₹), with an average decrease of 5.9% per quarter
Revenue Fall
Revenue is down for the last 2 quarters, 2.63K Cr → 2.62K Cr (in ₹), with an average decrease of 0.6% per quarter
South Indian Bank Ltd in the last 5 years
Lowest (3.78x)
October 3, 2022
Today (5.88x)
May 15, 2024
Industry (20.61x)
May 15, 2024
Highest (44.00x)
April 6, 2022
Investors | Holdings % | Prev. 1 periods | 3M change |
---|---|---|---|
Promoter Holdings | 0% | 0.00 | |
Foreign Institutions | 15.17% | 0.00 | |
Mutual Funds | 1.69% | 0.00 | |
Retail Investors | 80.16% | 0.00 | |
Others | 2.98% | 0.00 |
Technicals of South Indian Bank Ltd share
News & Events of South Indian Bank Ltd
South Indian Bank Ltd (SOUTHBANK) share price today is ₹27.65
South Indian Bank Ltd is listed on NSE
South Indian Bank Ltd is listed on BSE
PE Ratio of South Indian Bank Ltd is 5.88
PE ratio = South Indian Bank Ltd Market price per share / South Indian Bank Ltd Earnings per share
Today’s traded volume of South Indian Bank Ltd(SOUTHBANK) is 1.55Cr.
Today’s market capitalisation of South Indian Bank Ltd(SOUTHBANK) is ₹7233.37Cr.
South Indian Bank Ltd(SOUTHBANK | Price |
---|---|
52 Week High | ₹36.88 |
52 Week Low | ₹15.16 |
South Indian Bank Ltd(SOUTHBANK) share price is ₹27.65. It is down -25.03% from its 52 Week High price of ₹36.88
South Indian Bank Ltd(SOUTHBANK) share price is ₹27.65. It is up 82.39% from its 52 Week Low price of ₹15.16