With over 72 lakh customers across the country, South Indian Bank Share Price Target 2024 is one of the trusted banks in Kerala and South India. The scheduled bank traces its roots back to pre-independence 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’s stock history shows an almost linear trend from 2019 to 2023. The South Indian Bank share price has seen a slight pick-up in the last nine months of trade.
In this article, we will discuss the multiple factors that will influence South Indian Bank’s share price target in 2025 and beyond, along with South Indian Bank Share price Target 2030
South Indian Bank Share Price Target 2024
Month (2024) | Maximum Target | MinimumTarget |
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 | MinimumTarget |
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 |
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
Revenue | 34.24 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 Rate | 30.05% | |
Total Assets | 1.08 Trillion INR | ⬆ 7.64% YOY |
Total Liabilities | 1.01 Trillion INR | ⬆ 7.25% YOY |
Total Equity | 66.75 Billion INR |
|
Return on assets | 0.75% |
|
Return on Capital |
| |
P/E Ratio | 5.83 |
|
Dividend Yield | 0.96% |
|
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 2024 has increased steadily throughout the day, but not by much. The South Indian Bank NSE stock has had a rough time on the stock exchange over the last 30 days, i.e., from February 23rd to March 22nd, 2024.
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.
According to the banks, this regulatory order will not affect their existing customers in the same category.
Following the news that the board of South Indian Bank Share Price Target 2024 approved raising 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, 2024 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 achieved a return on investment (ROI) of 2400% for its investors.
However, the stock of South India Bank Share price target 2030 has not performed well in the last couple of months as it has failed to deliver a good return on investors’ equity (ROE).
In the latest quarter, South Indian Bank’s NIM (Net Profit Margin) increased by 875.0% (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 an increase of Rs 1,630 billion year-on-year (YoY). This shows that the South Indian bank is capable of managing profitability and consolidating liquidity and liability payments. Investors are always wary of these factors when they decide to invest their capital in the stock exchange.
Revenue of South Indian Bank also registered a historic growth of Rs 77,000 crore in FY2023. The growth rate of South Indian Bank's revenue indicates the growth in the Bank's business growth and the onboarding of new customers.
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