With over 72 lakhs customers across India, South Indian bank Share price target 2024 is one of the trusted banks in Kerala and 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), SOUTHBANK stock history shows an almost linear trend from 2019 to 2023. However, the share price of South Indian Bank has picked up a bit in the last 9 months of trading.
In this article, we will discuss the multiple factors that will influence theSouth Indian bank share price target 2025 and after that, as well as the South Indian Bank share price Target 2030
South 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
- 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 Cr
The South Indian Bank share price Target 2025has been steadily moving up today. However, it hasn’t been very high. The South Indian Bank stock has been struggling on the NSE over the last 30 days, i.e., from February 23rd to March 22nd.
South Indian Bank, along with Federal Bank, reported that the Reserve Bank of India (RBI) has asked them to discontinue the enrollment of new co-branded cards and products.
Both banks said that this regulatory order won’t affect their existing customers in the same category.
Following the news that South Indian Bank board approved to raise Rs 1,151 crore through a rights issue in the first week of Feb. 2024, South Indian Bank’s share price went to a 52-week high on February 2nd at Rs 36.89.
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 generated a return on investment (ROI) of 2400% for its investors.
However, the stock of South India Bank Share price target 2024 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 year-on-year (YoY) to 22,64 points, showing how well the bank has managed to control its expenses.
Net income of South Indian Bank increased by Rs 7,75 billion in FY2023, which is an increase of Rs 1,630.00 billion year-on-year (YoY). This shows that South Indian bank is able to manage its profitability and strengthens its liquidity and liabilities payments factor, which is one of the reasons why investors are always cautious when it comes to investing their capital on stock exchange.
In FY2023, South Indian Bank’s revenue increased by Rs 77.00 billion, which is a record-breaking growth rate. Revenue growth rate of South Indian Bank is an indication of the Bank’s business growth and new customer onboarding.