South Indian Bank share price target, a venerable institution in Kerala and the wider South India region, boasts a customer base exceeding 7.2 million nationwide. Established in the pre-independence era of India, it holds the distinction of being the first private sector bank in Kerala to secure a scheduled bank license from the Reserve Bank of India in 1957.
Despite its rich history, the trajectory of SOUTHBANK NSE stock on the National Stock Exchange has been relatively flat from 2019 to 2023. However, recent months have seen a modest uptick in trading activity.
South Indian Bank Share Price Target 2024
South Indian Bank Share Price Target 2025
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 |
(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
South Indian Bank Ltd Shareholding Pattern
South Indian Bank Ltd Competitors (Market Cap: 7,494.63 crores INR
Investors contemplating South Indian Bank stock should weigh several factors. Despite a lackluster return on equity in recent months, the bank has seen significant improvements in its financial metrics. Net profit margin surged by 875% year-over-year to 22.64 points, reflecting effective cost management. Additionally, net income witnessed a remarkable 1,630% increase to Rs 7.75 billion in fiscal year 2023, indicating robust profit management and debt servicing capabilities. Revenue also experienced historic growth of 77% year-over-year in FY2023, underscoring business expansion.
While South Indian Bank's share price has seen fluctuations, it has shown resilience, recording a 17% increase year-to-date. However, caution is warranted, with the stock currently trading at Rs 29.00, down from its recent high.
In conclusion, thorough research and professional guidance are essential for investors navigating the volatile stock market, particularly when considering investments in entities like South Indian Bank.