South Indian Bank Share Price Today on 06-11-2024: South Indian Bank share price are up by 1.12%, Nifty up by 1.12%

South Indian Bank Share Price Today on 06-11-2024: At 06 Nov 16:01 today, South Indian Bank shares are trading at price ₹24.34, 1.12% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹24.4 and a low of ₹24.1 during the day.

On the technical front, the stock is trading above the 10,20 days SMA & lower than the 5,50,100,300 day SMA. The stock will have support at 10,20 days SMA & face resistance at 5,50,100,300 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹24.44, ₹24.58, & ₹24.78, whereas it has key support levels at ₹24.1, ₹23.9, & ₹23.76.

South Indian Bank Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for South Indian Bank was -47.72% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is indicating a trend reversal after a strong downtrend..

From a fundamental analysis perspective, the company has a ROE of 13.81% & ROA of 0.95% respectively.The current P/E of the stock is at 4.75 & P/B is at 0.67.

The median 1-year forecasted upside in this share is at 39.69% with a target price of ₹34.00.

The company has a 0.00% promoter holding, 2.75% MF holding, & 11.47% FII holding as per filings in the september quarter.

The MF holding has increased from 2.67% in june to 2.75% in the september quarter.

The FII holding has decreased from 13.44% in june to 11.47% in the september quarter.

South Indian Bank share price has gained 1.12% today to trade at ₹24.34 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are up 1.12% & 1.13% each respectively.