South Indian Bank Share Price Today on : South Indian Bank share are up by 6.51%, Nifty down by -0.34%

South Indian Bank Share Price Today on : At 16 Oct 16:01 today, South Indian Bank shares are trading at price ₹25.51, 6.51% up from the previous closing price. Sensex is trading at ₹81501.36, down by -0.39%. The stock has hit a high of ₹25.65 and a low of ₹23.99 during the day.

On the technical front, the stock is trading above the 5,10,20,50 days SMA & lower than the 100,300 day SMA. The stock will have support at 5,10,20,50 days SMA & face resistance at 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 ₹26.16, ₹26.76, & ₹27.86, whereas it has key support levels at ₹24.46, ₹23.36, & ₹22.76.

Till 4 PM today, the volume traded on NSE & BSE for South Indian Bank was 246.64% higher 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% .The current P/E of the stock is at 4.76 & P/B is at 0.68.

The median 1-year forecasted upside in this share is at 33.28% with a target price of ₹34.00.

The company has a 0.00% promoter holding, 2.67% MF holding, & 13.44% FII holding as per filings in the june quarter.

The MF holding has increased from 2.65% in march to 2.67% in the june quarter.

The FII holding has decreased from 15.17% in march to 13.44% in the june quarter.

South Indian Bank share price up 6.51% today to trade at ₹25.51 while its peers are mixed. Its peers such as Equitas Small Finance Bank, Ujjivan Small Finance Bank, DCB Bank are falling today, but its peers CSB Bank are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.34% & -0.39% each respectively.