With over 72 lakhs customers in India and being one of the most trusted banks in the state of Kerala and the South India region, South Indian bank share price target has a long history of being a scheduled bank in India. South Indian Bank is a pre-independence bank in India, and in 1957, it became the 1st private sector bank in Kerala to be licensed by the Reserve Bank of India as a scheduled bank.
The stock history of South Indian Bank on the NSE shows that the NSE Stock History of South Indian Bank shows a linear trend between 2019 and 2023.
However, the share price of South Indian Bank has recovered a little in the past 9 months of trading.
Let's discuss the factors that will impact South Indian Bank Share Price Target 2025 and beyond, and the South Indian Bank Stock Price Prediction in the following years.
South Indian Bank Latest News
The South Indian Bank's stock price on the National Stock Exchange (NSE) is fluctuating on a daily basis, but not at a high level. The bank's stock has been struggling for the last 30 days, that is, between February 23rd and March 22nd, 2024. In its most recent stock filing, South Indian Bank (SIB) and Federal Bank (FHB) reported that the RBI has requested them to stop enrolling new cards and products under their co-branded brands. The banks also said that the RBI's regulatory order won't affect their existing customers.
The bank's stock price went down further on the news that South Indian Bank's board of directors approved to issue Rs 1,151 crores worth of shares in the first week of February, 2024. The bank's share price reached its 52-week peak on February 2nd, 2024, at Rs 36,89.
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)
South Indian Bank Share Price Target 2025
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
South Indian Bank Share Price Target 2026 to 2030
Year Maximum TargetMinimum Target
2026Rs 89.38Rs 45.942027Rs 116.00Rs 50.55
2028Rs 129.38Rs 62.30
2029Rs 142.08Rs 74.90
2030Rs 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 12.63
Revenue34.24 Billion INR 77.04% YOY
Operating expense22.51 Billion INR 13.95% YOY
Net Income7.75 Billion INR 1,630.29% YOY
Net Profit Margin22.64 875.86% YOY
Earnings Per Share3.70 1,661.90% YOY
EBITDA
Effective Tax Rate30.05%
Total Assets1.08 Trillion INR 7.64% YOY
Total Liabilities1.01 Trillion INR 7.25% YOY
Total 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 Cr
Points to consider before investing in South Indian Bank StockSouth India bank stock has a long history of doing well on the stock exchange. Since 1999 when South India Bank was listed on the stock exchange, South India bank has made 2400% return on investors' equity. However, South India bank stock has not done well in the past couple of months because the bank has not been able to make good return on investor's equity.
In FY2023 South India Bank's Net Profit margin was Rs 22,64 billion which increased by Rs 875% compared to the year-ago period. This indicates that the bank has been able to control its expenditure. The bank's net income grew by Rs 7.895 billion in FY2023 which is an all-time high. This shows that the bank is able to control its profitability and strengthen its liquidity and liability payments factor because investors are always wary of these factors. The bank's revenue growth rate also indicates that the bank is growing its business and onboarding new customers. South India Bank's revenue increased by 77% in FY2023.
Also read
South Indian Bank share price target 2022
South Indian Bank share price in 2010
Conclusion
The share price of South Indian Bank has always been a puzzle for investors and market experts. South Bank's smallcap shares on the National Stock Exchange (NSE) have increased by 17% so far in the year so far. However, the Bank's share price has gone through a number of ups and downs throughout the year. However, over the past 10 days, the share price of South Bank has corrected itself and now trades at Rs.29.00 after reaching its 52nd intraday high.