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Table of Contents
- About South Indian Bank Share
- Company Details With All Time High Rate Chart
- Bank Overview, Volume Analysis, Community Sentiments & Shareholdings
- Price Performance, Peers, Revenue And Net Profit
- Share Pros, Cons, Dividend, Bonus, Split Summary
- Stock Pivot Levels, Valuable Points & Future Targets
- Our Team Conclusion For This Share
- FAQ
About South Indian Bank Share
Today, we are going on a journey to find out South Indian Bank share price targets for 2023 to 2050. We’ll use our knowledge and the company’s growth prospects to make an estimate, as performance over the past few years has made many curious about whether South Indian Bank is a wise investment for the long term.
As an investor or someone just starting out interested in South Indian Bank, it is essential to understand the potential of the South Indian Bank share price target. We will analyse the company’s share performance in recent times and provide you with a well-researched South Indian Bank Share Price targets for 2023, 2024, 2025, 2027, 2030 to 2050.
South Indian Bank was established with the vision of providing financial assistance and services to the people of South India. It has played a vital role in the economic growth of the region by serving the banking needs of individuals, businesses and institutions. Company has good dividend track record, bonus and split record also for stock holder.
South Indian Bank Share Price News
South Indian Bank is a well-established bank with a strong track record and good prospects for future growth. It is a notable player in the stock market, attracting a keen eye from investors and financial experts. An exploration into South Indian Bank’s performance, strategies, and stock projections provides insights that investors can leverage for informed decisions.
Recently we saw a mixed performance with the share price fluctuating between Rs 26.25 and Rs 29.48. On May 26, 2024, the share price reached Rs27.65, up -01.07% from the previous day but compare to last month report it is 4.09% down from the previous month.
Despite the recent decline, South Indian Bank remains a financially strong bank with a solid track record. The bank has a low NPAs ratio of 0.00% and has been growing its total income and profit consistently over the past few years.
Recent News Updates related to South Indian Bank:
Today, South Indian Bank’s stock price has been down slightly recently, but it’s still up for the year. The bank’s low valuation and positive analyst ratings suggest that it could be a good investment opportunity.
The bank recently announced that it will raise Rs 1,151 crore through a rights issue. This could help the bank boost its financial position and expand its operations. The bank has appointed new joint statutory central auditors, which is a significant appointment that could strengthen the bank’s governance and financial reporting.
The bank has been recognized by Forbes India as one of the “50 Best Banks to Work for in India” in 2024. This recognition highlights the bank’s commitment to employee well-being and its positive impact on the community.
South Indian Bank: A Look at the Numbers
- Current Price: Rs 27.68 (as of May 24, 2024)
- Recent Performance: Down -0.90% today, down -0.90% in the last 5 days, but up 12.73% for the year so far.
- Trading Range: Rs 28.06 – Rs 27.51 (May 24, 2024)
- Valuation: TTM P/E Ratio of 5.69, which is lower than the sector P/E of 8.72. This could indicate that the stock is currently undervalued.
- Analyst Ratings: Bullish sentiment with 3 analysts giving a “Strong Buy” rating and 1 giving a “Buy” rating. No analysts recommend selling the stock.
- Profitability: The bank posted a net profit of Rs 287.33 Crores in the last quarter.
Historical Trajectory:
Analysing the historical trajectory of SOUTHBANK NSE stock on the National Stock Exchange, we observe a relatively stable performance from 2019 to 2023 and up to August 2023 the share price surged to Rs24.65, reflecting a significant 4.67% increase. This upswing was attributed to positive factors like loan book growth exceeding the 5-year CAGR and company revenue surpassing its 3-year CAGR
Today the South Indian Bank share price fluctuated between Rs26.25 and Rs29.48 and dipped 4.62% compared to the previous month due to rising interest rates and economic slowdown. Despite this, the bank remains financially strong with a 0.00% NPAs ratio, consistent income and profit growth, and a Rs1, 151 crore rights issue to boost expansion.
Financial Year 2023 Review
In the financial year 2023, South Indian Bank saw remarkable growth and improvements across key financial indicators. The net profit margin surged by an astounding 875% (YOY) to reach 22.64, signaling the bank’s effective cost control measures. Moreover, the bank’s net income witnessed an unprecedented 1,630% increase, reaching Rs 7.75 billion (YOY), exemplifying its solid profitability management and financial stability.
South Indian Bank exhibited exceptional revenue growth of 77% in the financial year 2023 (YOY), indicative of robust business expansion and an expanding customer base. These factors portray the bank’s potential for sustained growth and a solid foundation for future prosperity.
Share Price Projection for 2024 to 2050:
The stock projections for South Indian Bank provide a roadmap for potential investors looking to understand the anticipated trajectory of the bank’s shares. The forecasts encompass both the minimum and maximum targets for the stock price, offering essential insights for investment planning.
Given the inherent unpredictability of the stock market, it is challenging to provide an accurate share price target for South Indian Bank in the long term. However, considering the bank’s historical performance, growth potential, and industry dynamics, it is reasonable to anticipate a positive trajectory for the share price.
Experts suggest that if South Indian Bank continues to focus on strengthening its financial fundamentals, capitalizing on technological advancements, and adapting to evolving market conditions, it has the potential to attract investor interest and generate favorable returns. However, it is important to note that short-term fluctuations and external factors may impact the share price.
South Indian Bank Share Price Target 2025
The projected share price targets for 2025 range between Rs 34 and Rs 73, reflecting a potentially lucrative future with room for significant growth.
South Indian Bank Share Price Target 2026 to 2030
Looking ahead, the projections for the years 2026 to 2030 offer a glimpse into the future potential of South Indian Bank’s stocks. The estimated maximum targets from 2026 to 2030 range between Rs 87 and Rs 162, underscoring the bank’s long-term growth prospects.
Company Details With All Time High Rate Chart
Bank Overview, Volume Analysis, Community Sentiments & Shareholdings
Price Performance, Peers, Revenue And Net Profit
Share Pros, Cons, Dividend, Bonus, Split Summary
Stock Pivot Levels, Valuable Points & Future Targets
Our Team Conclusion For This Share
As we draw the curtain on our exploration of South India bank shares, it’s evident that these financial stalwarts continue to be pivotal players in the ever-evolving landscape of the share market. Through our comprehensive analysis and insights, we aim to leave you with a nuanced understanding of the dynamics that shape the future of bank shares.
I hope you will understand the share analysis report, future target price of share and happy with us but if you have any other doubt or query regarding share then you can post your query or feedback here. Thank you for choosing Yono Informer as your trusted resource for sharing market insights. We look forward to a successful and enriching journey together.
FAQ
South Indian Bank has TTM P/E ratio 5.00 as compared to the sector P/E of 9.57. There are 5 analysts who have initiated coverage on South Indian Bank. There are 3 analysts who have given it a strong buy rating.
With branches all over India and a clientele across the world, the bank is considered one of the most proactive banks in India with a competent tech savvy team of professional at the core of services.
You can buy South Indian Bank Ltd shares through a brokerage firm. A registered broker through which you can place orders to buy South Indian Bank Ltd Share.
As of Feb 09, 2024 04:08 PM, the market cap of South Indian Bank Ltd stood at ₹ 7,439.69.
The latest PB ratio of South Indian Bank Ltd as of Feb 09, 2024 04:08 PM is 0.99
