South Indian Bank Share Price Today on 30-10-2024: South Indian Bank share price are up by 3.06%, Nifty down by -0.51%

South Indian Bank Share Price Today on 30-10-2024: At 30 Oct 16:01 today, South Indian Bank shares are trading at price ₹24.93, 3.06% up from the previous closing price. Sensex is trading at ₹79942.18, down by -0.53%. The stock has hit a high of ₹25.07 and a low of ₹24.13 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 ₹25.27, ₹25.65, & ₹26.24, whereas it has key support levels at ₹24.3, ₹23.71, & ₹23.33.

South Indian Bank Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for South Indian Bank was -11.30% 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 4.78 & P/B is at 0.67.

The median 1-year forecasted upside in this share is at 36.38% 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 3.06% today to trade at ₹24.93 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are down -0.51% & -0.53% each respectively.