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South Indian Bank jumps on bargain hunting

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Capital Market

Meanwhile, the S&P BSE Sensex was down 233.23 points, or 1.24%, to 18,541.01.

On BSE, 4.80 lakh shares were traded in the counter as against an average daily volume of 2.71 lakh shares in the past one quarter.

The stock hit a high of Rs 21.85 and a low of Rs 20.55 so far during the day. The stock had hit a 52-week low of Rs 19.80 on Friday, 21 June 2013. The stock had hit a record high of Rs 30.65 on 7 January 2013.

The stock had underperformed the market over the past one month till 21 June 2013, sliding 17.87% compared with the Sensex's 6.65% fall. The scrip had also underperformed the market in past one quarter, falling 10.89% as against Sensex's 0.10% fall.

 

The small-cap company has an equity capital of Rs 134.03 crore. Face value per share is Re 1.

South Indian Bank's net profit rose 26.14% to Rs 153.83 crore on 19.51% rise in total income to Rs 1286.37 crore in Q4 March 2013 over Q4 March 2012.

South Indian Bank is a Kerala-based private-sector bank.

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First Published: Jun 24 2013 | 3:14 PM IST

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