SOUTH IND.BANK Share Price Up by 5%; BSE BANKEX Index Up 0.4%

Tue, 19 Oct 01:10 PM

SOUTH IND.BANK share price has zoomed 5% and is presently trading at Rs 11.

Meanwhile, the BSE BANKEX Index is at 45,499 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is SOUTH IND.BANK (up 5.1%).

AXIS BANK (down 0.1%) and FEDERAL BANK (down 0.2%) are among the top losers today.

Over the last one year, SOUTH IND.BANK has moved up from Rs 7 to Rs 11, registering a gain of Rs 4 (up 63.3%).

On the other hand, the BSE BANKEX has moved up from 27,064 to 45,499, registering a gain of 18,435 points (up 67.5%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 150.1%), INDUSIND BANK (up 96.7%) and ICICI BANK (up 84.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 62,245 (up 0.7%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 5.5%), L&T (up 4.2%) and BAJAJ FINSERV (up 2.8%). Other gainers include INFOSYS (up 2.1%) and BHARTI AIRTEL (up 1.9%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 18,604 (up 0.6%). The top gainers in the NSE Nifty include TECH MAHINDRA (up 5.5%), L&T (up 4.2%) and BAJAJ FINSERV (up 2.9%). Other gainers include INFOSYS (up 2.1%) and BHARTI AIRTEL (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,795 to 62,245, registering a gain of 21,450 points (up 52.54%).

SOUTH IND.BANK Financial Update...

SOUTH IND.BANK net profit declined 111.2% YoY to Rs 102 million for the quarter ended June 2021, compared to a loss of Rs 916 million a year ago. Operating income declined 9.9% to Rs 16.3 billion during the period as against Rs 18.1 billion in April-June 2020.

For the year ended March 2021, SOUTH IND.BANK reported 40.8% decrease in net profit to Rs 619.0 million compared to net profit of Rs 1.0 billion during FY20.

Revenue of the company grew 5.9% to Rs 73 billion during FY21.

The current Price to earnings ratio of SOUTH IND.BANK, based on rolling 12 month earnings, stands at down 247.4x.

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