South Indian Bank share price, a regional gem in the Indian banking landscape, currently sees its share price navigating a temporary correction. While the recent dip of 0.74% on December 28th might paint a picture of concern, a closer look reveals a promising longer-term story.
- Current Share Price of South Indian Bank Share Price
- Market Performance of South Indian Bank Share Price
- Key Statistics of South Indian Bank Share Price
- Market Capitalization
- Price Trends
- Earnings And Financials of South Indian Bank Share Price
- South Indian Bank Share Price Target
- South Indian Bank Latest News
- Is South Indian Bank a good buy?
- What is the future of South Indian Bank share?
- Is it safe to deposit in South Indian Bank?
- Frequently Asked Questions
Current Share Price of South Indian Bank Share Price
South Indian Bnk Share Price Returns
| 1 Day | 3.02% |
| 1 Week | 0.74% |
| 1 Month | 1.49% |
| 3 Months | 3.21% |
| 1 Year | 49.59% |
| 3 Years | 185.86% |
| 5 Years | 73.89% |
Market Performance of South Indian Bank Share Price
| Timeframe | Performance | Percentage Change | Key Details |
|---|---|---|---|
| Year-to-Date (YTD) | Positive | +28.45% | Significantly outperforming market average |
| 1 Month | Declined | -8.75% | Recent correction after strong YTD gains |
| 1 Week | Declined | -4.31% | Short-term downward trend |
| Today | Declined | -0.74% | Minor dip compared to yesterday’s close |
| Current Price | ₹16.05 | – | Reflects recent market fluctuations |
| Capital Adequacy Ratio (CAR) | 15.01% | – | Indicates strong financial stability |
| Profitability | Consistent growth | – | Encouraging signal for long-term potential |
| Volatility | Higher than market average | – | Requires careful risk management |
| Market Sentiment | Cautiously optimistic | – | Analysts advise balanced approach |
Key Statistics of South Indian Bank Share Price
| Statistic | Value | Description |
|---|---|---|
| Current Price | ₹16.05 | Latest market price |
| Change (Day) | -0.74% | Decline from yesterday’s close |
| Change (Week) | -4.31% | Decline over the past 7 days |
| Change (Month) | -8.75% | Decline over the past 30 days |
| Change (Year-to-Date) | +28.45% | Overall positive performance since January 1 |
| 52-Week High/Low | ₹19.58 / ₹13.62 | Highest and lowest price reached in the past year |
| Trading Volume (Today) | 5,921,632 shares | Number of shares traded today |
| Average Trading Volume (30-Day) | 5,109,235 shares | Average daily trading volume in the past 30 days |
| Market Capitalization | ₹11,298 Cr. | Total market value of outstanding shares |
| Beta | 1.25 | Sensitivity to market fluctuations (slightly higher than market average) |
| Price-to-Earnings Ratio (P/E) | 16.38 | Relative valuation of the stock based on earnings |
| Dividend Yield | 4.25% | Annual percentage of dividends paid per share |
| Capital Adequacy Ratio (CAR) | 15.01% | Measure of the bank’s financial stability (above regulatory requirement) |
Market Capitalization
Stock Market Websites:
- Visit financial news websites or stock market platforms that provide real-time stock data.
- Websites like MoneyControl, Yahoo Finance, or Bloomberg usually display market capitalization along with other stock-related information.
Company’s Official Website:
- Check the official website of South Indian Bank. Some companies provide up-to-date financial information, including market capitalization, in their investor relations section.
Stock Exchanges:
- Visit the official website of the stock exchange where South Indian Bank is listed (such as BSE or NSE in India).
- Look for the latest data on South Indian Bank’s market capitalization.
Financial News Sources:
- Keep an eye on financial news sources that cover stock market updates and company-specific news.
Contact a Financial Advisor:
- If you have a financial advisor or broker, they can provide you with the latest market capitalization information for South Indian Bank.
Real-Time Stock Quotes:
- Use financial apps or platforms that offer real-time stock quotes.
Price Trends
YTD Upward Trajectory:
- Encouraging Rise: The bank boasts a commendable 28.45% growth in its share price since the beginning of the year, outperforming the market average. This indicates strong underlying fundamentals and investor confidence.
Short-Term Fluctuations:
- Recent Correction: As with any investment, volatility can occur. Currently, the bank experiences a 8.75% decline for the month and a 0.74% dip compared to yesterday’s close. This could be a temporary correction within the larger YTD growth trend.
Stock Market Websites:
- Visit financial news websites or stock market platforms that provide real-time stock data.
- Websites like MoneyControl, Yahoo Finance, or Bloomberg usually display the latest stock prices, historical charts, and other relevant information.
Company’s Official Website:
- Check the official website of South Indian Bank. Some companies provide real-time stock information and charts in their investor relations section.
Stock Exchanges:
- Visit the official website of the stock exchange where South Indian Bank is listed (such as BSE or NSE in India).
- Look for the latest stock prices, historical data, and charts.
Financial News Platforms:
- Explore financial news platforms that provide detailed information about stocks and companies.
- News articles and analysis may cover recent price trends and market movements.
Real-Time Stock Quotes:
- Use financial apps or platforms that offer real-time stock quotes. Many brokerage platforms provide such features.
Technical Analysis Tools:
- Consider using technical analysis tools to study price charts and identify potential trends.
- Popular technical analysis indicators include moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), etc.
Contact a Financial Advisor:
- If you have a financial advisor or broker, they can provide you with real-time updates on South Indian Bank’s stock performance and trends.
Earnings And Financials of South Indian Bank Share Price
Earnings:
- Latest Quarter (Q2 FY24): Reported net profit of ₹170 Cr. – steady growth compared to previous quarters.
- Fiscal Year 2023: Net profit of ₹596 Cr. – signifying improvement over FY22’s ₹551 Cr.
- Earnings growth: While positive, the pace of growth remains a focus for some investors, seeking stronger acceleration.
Financials:
- Net Interest Income (NII): ₹2,874 Cr. (up 8.4% YoY) – moderate increase.
- Cost to Income Ratio: 51.47% (down from 53.55% in FY22) – improvement in operational efficiency.
- Capital Adequacy Ratio (CAR): 15.01% (above regulatory requirement) – adequate capital buffer.
- Gross NPA Ratio: 3.
South Indian Bank Share Price Target
Research and Analysis:
- Conduct thorough research on South Indian Bank, including its financial health, management, industry trends, and competitive position.
Economic and Market Conditions:
- Stay informed about broader economic conditions and trends in the banking and financial sector.
Analyst Recommendations:
- Check for any analyst reports or recommendations on South Indian Bank. Financial analysts often provide insights into a stock’s potential performance.
Company Announcements:
- Monitor official announcements and press releases from South Indian Bank for any updates on business operations, financial results, or strategic initiatives.
Risk Assessment:
- Assess the potential risks associated with investing in South Indian Bank and the banking sector in general.
Diversification:
- Consider diversifying your investment portfolio to spread risk across different asset classes.
Consult a Financial Advisor:
- If you’re unsure about your investment decisions, consider consulting with a financial advisor who can provide personalized advice based on your financial goals and risk tolerance.
South Indian Bank Latest News
Financial News Websites:
- Visit popular financial news websites such as Bloomberg, Reuters, CNBC, MoneyControl, or Economic Times.
- Use their search features to find recent news articles related to South Indian Bank.
Stock Market Platforms:
- Check stock market platforms or apps that provide real-time news updates, stock analysis, and market insights.
Company’s Official Website:
- Visit the official website of South Indian Bank. Companies often release official statements, press releases, and updates in their “Investor Relations” or “Media” sections.
Stock Exchanges:
- Explore the official websites of stock exchanges where South Indian Bank is listed, such as BSE (Bombay Stock Exchange) or NSE (National Stock Exchange) in India.
News Aggregator Apps:
- Use news aggregator apps that compile news from various sources. Examples include Flipboard, Feedly, or Google News.
Subscription to News Services:
- Consider subscribing to financial news services that provide real-time alerts and updates.
Financial Magazines:
- Check financial magazines and journals for in-depth analysis and feature articles related to the banking industry and South Indian Bank.
Social Media:
- Follow South Indian Bank and financial news accounts on social media platforms for real-time updates.
Is South Indian Bank is Good to buy?
- Financial Performance: Analyze SIB’s financial statements, including its revenue, net income, and cash flow. Look for consistent growth and profitability over time.
- Asset Quality: Assess the bank’s asset quality by examining metrics like non-performing assets (NPAs) and provision coverage ratio (PCR). Lower NPAs and higher PCR indicate better asset quality.
- Management Quality: Evaluate the bank’s management team, their experience, and their strategies for growth and risk management.
- Market Position: Consider SIB’s market share, customer base, and competitive advantages compared to other banks, especially in its operating regions.
- Regulatory Environment: Assess the regulatory environment affecting banks, including compliance requirements and changes in banking regulations that could impact SIB’s operations.
- Industry Outlook: Consider the overall outlook for the banking industry, including factors like interest rates, economic conditions, and technological advancements.
- Valuation: Evaluate SIB’s valuation metrics like price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and dividend yield compared to its peers and historical averages.
- Risks: Identify potential risks that could affect SIB’s performance, such as credit risk, liquidity risk, interest rate risk, and regulatory risk.
- Dividends: If you’re interested in income from your investment, consider SIB’s dividend history and payout ratio.
- Diversification: Assess how SIB fits into your overall investment portfolio and whether it helps achieve diversification goals.
What is the future of Indian Bank Share?
Earnings vs Savings Rate: SOUTHBANK’s forecast earnings growth (8.2% per year) is above the savings rate (6.7%). Earnings vs Market: SOUTHBANK’s earnings (8.2% per year) are forecast to grow slower than the Indian market (17.1% per year).
Is it safe to deposit in South Indian Bank?
- Regulatory Oversight: South Indian Bank is regulated by the Reserve Bank of India (RBI), which sets stringent guidelines and regulations to ensure the safety and stability of banks in India.
- Deposit Insurance: Deposits held in South Indian Bank are insured up to a certain limit by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI. As of my last update, the insurance coverage is up to ₹5 lakhs per depositor per bank.
- Financial Stability: Before depositing funds, it’s prudent to assess SIB’s financial stability by reviewing its financial statements, asset quality, capital adequacy, and overall performance.
- Credit Ratings: Check the credit ratings assigned to South Indian Bank by credit rating agencies. Higher credit ratings indicate lower credit risk and higher financial stability.
- Customer Reviews and Reputation: Consider researching customer reviews and the bank’s reputation to gauge customer satisfaction, service quality, and reliability.
- Diversification: Consider diversifying your deposits across multiple banks to spread risk and mitigate potential losses.
- Terms and Conditions: Review the terms and conditions of deposit accounts offered by South Indian Bank, including interest rates, fees, withdrawal restrictions, and any other relevant terms.
- Consultation: If you’re unsure about depositing funds in South Indian Bank or any other financial institution, consider consulting with a financial advisor or banking professional for personalized advice.
Frequently Asked Questions
As of today, Thursday, December 28, 2023, at 3:12 PM IST, the current South Indian Bank share price is ₹16.05.
- Year-to-Date (YTD): +28.45% (positive overall trend)
- 1 Month: -8.75% (recent correction)
- 1 Week: -4.31% (downward trend)
- Financial stability: Healthy Capital Adequacy Ratio (CAR) of 15.01% inspires confidence.
- Profitability: Consistent profit growth in recent quarters is encouraging.
- Volatility: The share price tends to be more volatile than the broader market.
- Competition: The South Indian banking landscape is fiercely competitive.
- Market sentiment: Analysts remain cautiously optimistic, advising a balanced approach.
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