New Delhi, Oct. 10 -- South Indian Bank share price surged more than 10% to reach a 52-week peak, driven by robust trading volumes. South Indian Bank share price opened at an intraday low of Rs.31.11 apiece on the BSE, the multibagger small-cap stock touched an intraday high of Rs.34.32 per share.

According to Anshul Jain, Head of Research at Lakshmishree, South Indian Bank share price has broken out of a 360-day-long bullish cup and handle pattern on the daily charts, supported by a massive 1,055% surge in volumes compared to the 50-day average. This strong volume expansion signals institutional participation, increasing the likelihood of the breakout sustaining.

Jain noted that the overall price structure and momentum indicators remai...