South Indian Bank Share Price
The South Indian Bank Ltd.
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About South Indian Bank
During the time of the Swadeshi movement, the "South Indian Bank" was established as one of the oldest financial institutions in the region. To provide for the people a safe, efficient, and service-oriented repository of community savings on the one hand and to free the business community from the clutches of greedy money lenders on the other, a group of enterprising men came together in Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin and established the bank.
In its lengthy history, the bank has been able to portray itself as a dynamic, rapidly expanding, service-oriented, and innovative financial intermediary by making the founders' vision its corporate goal.
The stock price of South Indian Bank rose by 10% on Tuesday, extending its recent winning run to seven trading days. The financial institution's third-quarter operational performance improved over the previous two periods, and the results for the September quarter were better than projected.
ICICI Securities raised its price objective for the company from Rs 8 to Rs 13 after increasing its profit projections for FY23 by 75% and FY24E by 50%. As a result, compared to its previous valuation of 0.4 times the book value per share as of September 2023, the brokerage now assigns a value of 0.5 times to the stock.
The share price increased by Rs 13.81, or 16.44%, on Tuesday, reaching a new 52-week high on BSE. Within the previous seven trading days, the share price has increased by 43%. The decrease in bad loan provisions was a major contributor to the lender's net profit of Rs 223.10 crore for the quarter ending in September. The bank recorded a net loss of Rs 187.06 crore in the same period last year.
The total revenue for the quarter was Rs 1,995.24 compared to Rs 1,803.76 a year before. The interest received during the quarter increased to Rs 1,740.14 crore from Rs 1,646.59 crore in the previous quarter. Do you want to know The South Indian Bank Shares? Click Here to know about today's The South Indian Bank Share Price.
In its lengthy history, the bank has been able to portray itself as a dynamic, rapidly expanding, service-oriented, and innovative financial intermediary by making the founders' vision its corporate goal.
The stock price of South Indian Bank rose by 10% on Tuesday, extending its recent winning run to seven trading days. The financial institution's third-quarter operational performance improved over the previous two periods, and the results for the September quarter were better than projected.
ICICI Securities raised its price objective for the company from Rs 8 to Rs 13 after increasing its profit projections for FY23 by 75% and FY24E by 50%. As a result, compared to its previous valuation of 0.4 times the book value per share as of September 2023, the brokerage now assigns a value of 0.5 times to the stock.
The share price increased by Rs 13.81, or 16.44%, on Tuesday, reaching a new 52-week high on BSE. Within the previous seven trading days, the share price has increased by 43%. The decrease in bad loan provisions was a major contributor to the lender's net profit of Rs 223.10 crore for the quarter ending in September. The bank recorded a net loss of Rs 187.06 crore in the same period last year.
The total revenue for the quarter was Rs 1,995.24 compared to Rs 1,803.76 a year before. The interest received during the quarter increased to Rs 1,740.14 crore from Rs 1,646.59 crore in the previous quarter. Do you want to know The South Indian Bank Shares? Click Here to know about today's The South Indian Bank Share Price.
Fundamentals of South Indian Bank Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 3536.73 Cr |
9.97 |
0.20 |
25.99 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
2.04 % |
0.21 |
0.00 % |
30.34 |
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How to buy The South Indian Bank Ltd. shares?
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Yes you can buy The South Indian Bank Ltd. shares, all you need is to have a verified demat account with Nuuu. And enjoy benefits like free brokerage credits and more.
What is the Market Cap of The South Indian Bank Ltd. shares?
As of 26 Mar`23 the Market Cap of The South Indian Bank Ltd. is 3536.73.
What is the PE and PB ratio of The South Indian Bank Ltd. stock?
As of 26 Mar`23 the PE is 9.97 and PB is 0.20.
Board Meeting
Publish Date: 24/01/2023
Quarterly Results
Board Meeting
Publish Date: 20/10/2022
Quarterly Results
Board Meeting
Publish Date: 07/06/2022
Inter-alia to consider the following: ? Raising of funds by way of issuance of equity shares including but not limited through preferential issue and/ or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on private placement basis, FPO, Rights Issue etc. subject to regulatory approvals, as may be required. ? Borrowing/ raising funds in Indian/ foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, MTN in terms of Section 42 of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules,2014, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the SEBI Listing Regulations and other applicable laws, if any, subject to regulatory approvals, as may be required
Board Meeting
Publish Date: 12/05/2022
Audited Results
Board Meeting
Publish Date: 20/01/2022
Quarterly Results
Board Meeting
Publish Date: 21/10/2021
Quarterly Results
Board Meeting
Publish Date: 22/07/2021
Quarterly Results & Inter alia, to consider the following: 1. Raising of funds by way of issuance of equity shares including but not limited through preferential issue and/ or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Cun-ency Convertible Bonds (FCCBs)/ or any other methods on private placement basis, FPO, Rights Issue etc. subject to regulatory approvals, as may be required. 2. Borrowing/ raising funds in Indian/ foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, M1N in terms of Section 42 of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules,2014, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the SEBI Listing Regulations and other applicable laws, if any, subject to regulatory approvals, as may be required.
Board Meeting
Publish Date: 21/05/2021
Dividend & Audited Results
Board Meeting
Publish Date: 25/02/2021
Preferential Issue of shares
Board Meeting
Publish Date: 21/01/2021
Quarterly Results
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