ICICI Securities is bullish on South Indian Bank recommended buy rating on the stock with a target price of Rs 28 in its research report dated August 21, 2023.

Buy South Indian Bank; target of Rs 28: ICICI Securities

Sectorally, buying was seen in power, utilities, FMCG and some infra stocks while selling was visible in IT, metals, public sector and telecom stocks. Stocks that were in focus include names like South Indian Bank which was up more than 6% to hit a fresh 52-week high, Gabriel India rallied more than…

Breakout Stocks: How are South Indian Bank, Gabriel India and BF utilities looking on charts for Monday’s trade?

Stocks In Focus: South Indian Bank, IndiGo, PVR Inox, Havells & More #StocksInFocus | Independent Market Analyst Ambareesh Baliga shares insight on #SouthIndianBank, #IndiGo, #PVRInox and other top stocks to watch for in trade today.

Stocks In Focus: South Indian Bank, IndiGo, PVR Inox, Havells & More

Buzzing In Trade l South Indian Bank (@OfficialSIBLtd) surging in the trade as RBI approves the appointment of PR Seshadri as MD & CEO of the bank. @kothariabhishek brings us the details


 #southindianbank #ceo #q1fy24earning #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

Read More: https://www.cnbctv18.com/market/stocks/rbi-approves-appointment-of-pr-seshadri-as-md-and-ceo-of-south-indian-bank-17562361.htm

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RBI Appoints PR Seshadri As South Indian Bank MD & CEO With Effect From October 1 | CNBC TV18

The South Indian Bank stock has gained 21.31 percent over the last six months.

South Indian Bank jumps 8% after lender picks new MD and CEO

RBI approves P. R. Seshadri as MD & CEO of South Indian Bank for 3yrs. Seshadri has extensive banking experience, incl. MD & CEO of KVB, MD & Regional Sales & Distribution Head of Citibank N.A. Asia Pacific, Singapore.

P. R. Seshadri appointed new MD & CEO of South Indian Bank

The Reserve Bank of India on Thursday approved for the appointment of P R Seshadri as Managing Director & CEO of South Indian Bank for a period of three years with effect from October 1, 2023. He has a Bachelors degree in Electrical Engineering from the Delhi College of Engineering and a Post Gradua…

RBI approves appointment of P R Seshadri as MD & CEO of South Indian Bank

South Indian Bank launches SIB EXIM Current Account for import/export customers. Two variants: Silver ($15K QFT) & Gold ($50K QFT). Benefits incl. competitive rates, free NEFT/RTGS, free cash withdrawals, free cash deposits, free int’l debit card. Bank also offers SIB TF Online & is an Agency Bank f…

South Indian Bank launches SIB EXIM Current Account

South Indian Bank seeks shareholder approval to raise ₹1,000 cr via equity shares & ₹500 cr via debt instruments. AGM on Aug 24.

South Indian Bank to raise funds

The funds will be raised by issuance of equity shares or other securities. However, the method through which the funds would be raised has not been clarified by the bank yet.

South Indian Bank shares gain on Rs 1,000 crore fundraise plan

Buzzing stocks of Automobile cos, Maruti Suzuki, Spandana Sphoorty, Bandhan Bank PowerGrid, RVNL, Easemytrip, South Indian Bank, Anupam Rasayan, Aptus Value, Cholamandalam Finance, Escorts, GMDC, Godrej Agro, TTK Health, Tracxn Tech, TBZFredun Pharma, Shilpa Medicare, Greenply, Navin Fluorine, Canta…

Stocks to watch on August 1, 2023

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The South Indian Bank Limited provides retail and corporate banking, Para banking activities, such as debit card, third-party product distribution, in addition to Treasury and Foreign Exchange Business.