South Indian Bank soars 2% post Q3 results

India Infoline News Service | Mumbai | January 11, 2017 17:17 IST

The bank has posted a net profit of Rs 111 crore for the quarter ended December 31, 2016 as compared to Rs 102 crore for the quarter ended December 31, 2015.

The South Indian Bank
South Indian Bank Ltd  ended at Rs 21.4, up by Rs 0.45 or 2.15% from its previous closing of Rs 20.95 on the BSE.

The bank has posted a net profit of Rs 111 crore for the quarter ended December 31, 2016 as compared to Rs 102 crore for the quarter ended December 31, 2015.

The total income of the bank has increased from Rs 1,561 crore for the quarter ended December 31, 2015 to Rs 1,737.5 crore for the quarter ended December 31, 2016.

The scrip opened at Rs 21 and has touched a high and low of Rs 21.8 and Rs 20.9 respectively. So far 12112001 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2831.89 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 25.55 on 07-Oct-2016 and a 52 week low of Rs 16.4 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 21.25 and Rs 19.95 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 50.36 % and 49.64 % respectively.

The stock is currently trading above its 100 DMA.

***Note: This is a NSE Chart

 

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