With over 72 lakh customers across India, South Indian Bank Share price target 2024 is one of the trusted banks in Kerala and the South India region. The scheduled bank has its roots in the pre-independence era of India and was the first bank in Kerala to get a scheduled banking license from the Reserve Bank of India (RBI) in 1957.On the National Stock Exchange (NSE), South Indian bank stock history shows an almost linear trend from 2019 to 2023. However, the South Indian bank share price has picked up a bit in the last 9 months of trading. In this article, we will discuss the multiple factors that will influence the South Indian Bank share price target 2025 and after that, as well as the South Indian Bank Share Price Target 2030South Indian Bank Share Price Target 2024
Month (2024)Maximum Target Minimum Target January Rs - Rs - February Rs - Rs - March Rs 30.52 Rs 22.00 April Rs 34.92 Rs 25.63 May Rs 35.10 Rs 28.10 June Rs 35.52 Rs 22.73 July Rs 35.14 Rs 25.02 August Rs 36.81 Rs 28.73 September Rs 36.43 Rs 22.06 October Rs 46.11 Rs 24.74 November Rs 47.60 Rs 26.90 December Rs 47.11 Rs 29.90
South Indian Bank Share Price Target 2025
Month (2025) Maximum Target Minimum Target January Rs 48.10 Rs 34.03 February Rs 48.96 Rs 31.00 March Rs 58.21 Rs 32.58 April Rs 59.91 Rs 30.04 May Rs 59.66 Rs 30.80 June Rs 59.30 Rs 32.23 July Rs 60.41 Rs 30.06 August Rs 61.83 Rs 33.50 September Rs 61.56 Rs 36.75 October Rs 62.00 Rs 35.74 November Rs 72.21 Rs 38.92 December Rs 73.61 Rs 49.42
South Indian Bank Share Price Target 2026 to 2030
Year Maximum Target Minimum Target 2026 Rs 89.38 Rs 45.94 2027 Rs 116.00 Rs 50.55 2028 Rs 129.38 Rs 62.30 2029 Rs 142.08 Rs 74.90 2030 Rs 162.49 Rs 87.23 SOUTH BANK: 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 expense 22.51 Billion INR⬆ 13.95% YOY Net Income 7.75 Billion INR⬆ 1,630.29% YOY Net Profit Margin 22.64⬆ 875.86% YOY Earnings Per Share 3.70⬆ 1,661.90% YOY EBITDA
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
South Indian Bank Stock Price2024: The South Indian Bank NSE stock price has been fluctuating steadily, but not by much. The stock has been struggling on the NSE exchange in the last 30 days, i.e., from February 23rd to March 22nd, 2024. In its latest filing on the exchange, both South Indian Bank and Federal Bank announced that the Reserve Bank of India (RBI) has requested them to suspend the enrollment of new co-brand credit cards and other products. Both banks have stated that the regulatory order will not affect existing customers in that category. South Indian Bank's Share Price target 2030 went down further in the market in the wake of the news that the board of directors of the bank approved to raise Rs 1, 151 crores through a rights issue on February 2nd, 2024, and the stock price of the bank touched a new 52-week low of Rs 36,89 per share.Historically, South India Bank stock has performed well on the stock market. Since its listing on the Stock Exchange in 1999, South India Bank has achieved a return on investment (ROI) of 2400% for its investors.However, the stock of South India Bank has not performed well in the last couple of months as it has failed to deliver a good return on investors’ equity (ROE).On the other hand, South Indian Bank’s Net profit margin increased by 875 percent (YoY) to 22,64 points, showing that the bank has managed to contain its costs effectively.Net income of South Indian Bank increased by Rs 7,75 billion in FY2023, which is a year-on-year (YoY) increase of Rs 1,630 billion. This shows that South Indian banks can handle profitability and strengthen their liquidity and liabilities payments factor, which investors are always cautious about when investing their capital on the stock exchange.South Indian Bank's revenue grew by 77% YoY in FY2023. This is a record YoY growth for South Indian Bank. The revenue growth rate of South Indian Bank is an indication of the Bank's business growth and new customer onboarding. 