South Indian Bank Ltd (SOUTHBANK)
₹29.2
South Indian Bank Ltd share Performance
- ₹28.65₹31.15₹29.2
1.88%
Low
Day's Volatility:8.56%
High
6.68%
- ₹14.65₹36.88₹29.2
49.83%
Low
52 Weeks Volatility:76.13%
High
26.30%
| Returns % | |
| 1 Month Return | 9.04 % |
| 3 Month Return | -20.54 % |
| 1 Year Return | 84.13 % |
| Market Stats | |
| Previous Close | ₹30.75 |
| Open | ₹30.95 |
| Volume | 8.55Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹8,044.34Cr |
Analyst Rating
based on 7 analysts
Based on 7 analysts offering long term price targets for South Indian Bank Ltd. An average target of ₹36.71
Source: S&P Global Market Intelligence
Company Information
Share Price: ₹29.20 per share as on 02 May, 2024 04:01 PM
Market Capitalisation: ₹8,044.34Cr as of today
Revenue: ₹2,636.23Cr as on December 2023 (Q4 23)
Net Profit: ₹305.38Cr as on December 2023 (Q4 23)
Listing date: 14 Dec, 1998
Chairperson Name: Salim Gangadharan
| Organisation | South Indian Bank Ltd |
| Headquarters | Thrissur |
| Industry | Banks |
| E-voting on shares | Click here to vote |
What's happening
Today's Timeline - 02 May
09:00 AM
-South Indian Bank among companies set to release quarterly earnings for January-March.
03:19 PM
-South Indian Bank reports 13.88% decline in Q4 net profit, but FY24 net profit rises by 38%. Board recommends dividend of Rs.0.30 per equity share.
Key events for South Indian Bank Ltd
South Indian Bank Reports Decline in Q4 Net Profit - 02 May, 2024
South Indian Bank's Q4 net profit declined by 13.88%, while its FY24 net profit rose by 38%. The bank's board has recommended a dividend of Rs.0.30 per equity share.
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.
South Indian Bank Appoints New Leadership Team; Citigroup Acquires Stake - 08 Apr, 2024
South Indian Bank appointed Vinod Francis as CFO and Chithra H as CCO. The bank's stock dropped by 1.97%. Citigroup Global Markets Mauritius acquired a 0.68% stake in the bank for Rs 50.8 crore.
South Indian Bank Appoints New CFO and CCO - 07 Apr, 2024
Vinod Francis has been appointed as the new Chief Financial Officer (CFO) of South Indian Bank, while Chithra H will transition to the role of Chief Compliance Officer (CCO) as per RBI directives.
Fundamentals of South Indian Bank Ltd
Insights on 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.
POSITIVE IMPACTBest in 1 Year
In the last 1 year, SOUTHBANK has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, SOUTHBANK has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 202.58 Cr → 305.38 Cr (in ₹), with an average increase of 18.1% per quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 5 quarters, 1.86K Cr → 2.63K Cr (in ₹), with an average increase of 8.0% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 14.68% to 15.17% in Mar 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 77.72% to 80.16% in Mar 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 3 months, SOUTHBANK stock has moved down by -20.5%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 4.53% to 1.69% in Mar 2024 quarter
South Indian Bank Ltd Valuation
South Indian Bank Ltd in the last 5 years
Lowest (3.78x)
October 3, 2022
Today (6.28x)
April 30, 2024
Industry (21.60x)
April 30, 2024
Highest (44.00x)
April 6, 2022
Shareholding Pattern
| 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
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South Indian Bank Ltd (SOUTHBANK) share price today is ₹29.2
South Indian Bank Ltd is listed on NSE
South Indian Bank Ltd is listed on BSE
- Today’s highest price of South Indian Bank Ltd is ₹31.15.
- Today’s lowest price of South Indian Bank Ltd is ₹28.65.
PE Ratio of South Indian Bank Ltd is 6.28
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 8.55Cr.
Today’s market capitalisation of South Indian Bank Ltd(SOUTHBANK) is ₹8044.34Cr.
| South Indian Bank Ltd(SOUTHBANK | Price |
|---|---|
52 Week High | ₹36.88 |
52 Week Low | ₹14.65 |
South Indian Bank Ltd(SOUTHBANK) share price is ₹29.2. It is down -20.82% from its 52 Week High price of ₹36.88
South Indian Bank Ltd(SOUTHBANK) share price is ₹29.2. It is up 99.32% from its 52 Week Low price of ₹14.65
| South Indian Bank Ltd(SOUTHBANK | Returns |
|---|---|
1 Day Returns | -1.55% |
1 Month Returns | 9.04% |
3 Month Returns | -20.54% |
1 Year Returns | 84.13% |