South Indian Bank is currently trading at Rs. 7.97, up by 0.09 points or 1.14% from its previous closing of Rs. 7.88 on the BSE.
The scrip opened at Rs. 7.88 and has touched a high and low of Rs. 7.99 and Rs. 7.85 respectively. So far 516223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.95 on 22-Jun-2021 and a 52 week low of Rs. 7.45 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 8.18 and Rs. 7.85 respectively. The current market cap of the company is Rs. 1670.01 crore.
The Institutions and Non-Institutions held 23.89% and 76.11%, stake in the Bank respectively.
South Indian Bank has received approval for raising of funds up to Rs 2000 crore or its equivalent amount in such foreign currencies, by issuance of equity shares/other securities including but not limited through public issue, private placement, preferential issue and/or Qualified Institutional Placement (QIP), Further Public Offer (FPO), Rights Issue or any other international offering like Global Depository Receipts (GDRs)/ American Depository Receipt (ADRs)/Foreign Currency convertible bonds (FCCBs ), any other Tier I instrument permitted by regulator( s) or any other permissible mode/appropriate route permitted or a combination thereof, at such price, time, premium, mode etc, in one or more tranches and on such other terms and conditions, as may be decided by the Board from time to time, subject to the applicable regulatory approvals, if any.
The board of director at their meeting held on June 7, 2022 has approved the same. The Board further recommended the same for the approval of shareholders by way of Special resolution at the forthcoming Annual General Meeting.
South Indian Bank is considered one of the most proactive banks in India with a competent tech savvy team of professional at the core of services.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1794.00 |
| ICICI Bank | 1289.50 |
| Axis Bank | 1110.70 |
| Kotak Mahindra Bank | 1764.00 |
| Indusind Bank | 964.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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