South Indian Bank shares: Already up 15% in Oct, hit 52-week high - What is driving rally? More rise ahead? Expert view
New Delhi, Oct. 21 -- South Indian Bank share price rose more than 3% in intraday trade on the BSE on Wednesday, 21 October, to hit a 52-week high of Rs.56.21. The stock has been on a roll this month, rising as much as 15% so far in October. In fact, South Indian Bank shares have been hitting back-to-back 52-week highs for the last four consecutive sessions.
The stock has been witnessing healthy buying interest after the company announced its September quarter (Q2FY27) results during market hours on 15 October.
South Indian Bank's net profit was Rs.426.13 crore for Q2FY27, up 21.28% year-on-year (YoY).
For the quarter, the bank reported its highest-ever net interest income (NII) of Rs.1,116 crore, up 37.95% YoY. Net interest margin (NI...
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