One of the most reputable banks in Kerala and the South India area, South Indian Bank serves more than 72 lakh customers nationwide. The scheduled bank was the first private sector bank in Kerala to obtain a scheduled bank license from the Reserve Bank of India in 1957. Its history dates back to the pre-independence era of India.
The history of SOUTHBANK NSE Stock on the National Stock Exchange shows an almost flat trajectory from 2019 to 2023. In the last nine months of trading, the South Indian Bank Share Price has, nevertheless, increased little in speed.
The various elements influencing the South Indian Bank share price target for 2025 and beyond, as well as the South Indian Bank share price prediction for the following years, will be covered in this article.
South Indian Bank Latest News
Share Price of South Indian Bank Not much, but slowly more has happened today. In the thirty days between February 23 and March 22, 2024, the SOUTHBANK NSE stock has struggled on the stock exchange.
South Indian Bank and Federal Bank claimed in a recent report on the stock exchange that the RBI has instructed them to cease accepting new applications for co-branded credit cards and merchandise. Both banks have made it clear that current members of the aforementioned category will not be impacted by this regulatory directive. The South Indian Bank stock continued its downward trend in the market as a result of this news article.
The share price of South Indian Bank reached its 52-week high of Rs 36.89 per share on February 2nd, 2024, following news that the board had approved raising Rs 1,151 crores through a rights issue in the first week of February.
South Indian Bank Share Price Target 2024
Month (2024)Maximum TargetMinimumTarget
JanuaryRs - Rs -
FebruaryRs - Rs -
MarchRs 30.52Rs 22.00
AprilRs 34.92Rs 25.63
MayRs 35.10Rs 28.10
JuneRs 35.52Rs 22.73
JulyRs 35.14Rs 25.02
AugustRs 36.81Rs 28.73
SeptemberRs 36.43Rs 22.06
OctoberRs 46.11Rs 24.74
NovemberRs 47.60Rs 26.90
DecemberRs 47.11Rs 29.90
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment)
Month (2025)Maximum TargetMinimumTarget
JanuaryRs 48.10Rs 34.03
FebruaryRs 48.96Rs 31.00
MarchRs 58.21Rs 32.58
AprilRs 59.91Rs 30.04
MayRs 59.66Rs 30.80
JuneRs 59.30Rs 32.23
JulyRs 60.41Rs 30.06
AugustRs 61.83Rs 33.50
SeptemberRs 61.56Rs 36.75
OctoberRs 62.00Rs 35.74
NovemberRs 72.21Rs 38.92
DecemberRs 73.61Rs 49.42
(This prediction is based upon our understanding seeing the history of the above stock and its future prospects, an investor is advised to seek expert advice before making any investment-related commitment
Year Maximum TargetMinimum Target2026Rs 89.38Rs 45.942027Rs 116.00Rs 50.552028Rs 129.38Rs 62.302029Rs 142.08Rs 74.902030Rs 162.49Rs 87.23
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment
SOUTHBANK: NSE Financials 2023
South Indian Bank Market Capitalisation: 7,4,94.63 Crores INR
South Indian Bank 52 Week High-Low: Rs 36.89 - Rs 12.63Revenue34.24 Billion INR⬆ 77.04% YOYOperating expense22.51 Billion INR⬆ 13.95% YOYNet Income7.75 Billion INR⬆ 1,630.29% YOYNet Profit Margin22.64⬆ 875.86% YOYEarnings Per Share3.70⬆ 1,661.90% YOYEBITDA
- Effective Tax Rate30.05
- Total Assets1.08 Trillion INR⬆ 7.64% YOYTotal Liabilities1.01 Trillion INR⬆ 7.25% YOYTotal Equity66.75 Billion INR Return on assets0.75% Return on Capital
- P/E Ratio5.83 Dividend Yield0.96%
South Indian Bank Ltd Shareholding Pattern
- Promoters: -
- FII: 14.68%
- DII: 3.08%
- Retail & Others: 77.72%
- Mutual Funds: 4.53%
South Indian Bank Ltd Competitors (Market Cap:
- 7,494.63 crores INR
- HDFC Bank Market Cap 1,097,715.61 Cr
- ICICI Bank Market Cap 766,006.80 Cr
- Axis Bank Market Cap 321,884.53 Cr
- IDBI Bank Market Cap 87,900.89 Cr
- Federal Bank Market Cap 36,672.19
Points to consider before investing in South Indian Bank Stock
In the past, South India Bank has done well on the stock exchange. Since the banking company went public on the stock exchange in 1999, investors have received a 2400% return on their investment. However, because it hasn't provided a strong return on investors' equity, South India Bank Stock has struggled during the last six months.
The Net Profit Margin of South Indian Bank increased by 875% (YOY) to 22.64 points, demonstrating the bank's ability to effectively manage expenses.
The net income of South Indian Bank experienced a record-breaking 1,630% increase to Rs 7.75 billion (YOY) in the fiscal year 2023. This demonstrates the South Indian bank's capacity for managing profits and reinforces its ability to pay its debts on time. When choosing to place their money on the stock exchange, investors are constantly wary of these issues.
In the fiscal year 2023 YOY, the South Indian Bank's revenue likewise had a historic growth of 77%. Along with the onboarding of a new client base, the bank's revenue growth rate also indicates expansion in the bank's business.
Conclusion
For investors and stock market professionals, South Indian Bank's share price has remained a mystery over the years. Although the smallcap SOUTHBANK NSE stock has increased by 17% on the stock exchange so far this year, there have been several market swings during this period.
Though it has undoubtedly done some damage control in the last ten days of trading on the NSE, the share price of South Indian Bank has now dropped to Rs 29.00 from its 52-week high of 36.89 on February 2.
Before making any kind of investment on the stock exchange, investors should conduct in-depth stock research. India Property Dekho advises seeking professional guidance in order to protect investors' interests, given the stock exchange's volatile character.
