BSE Sensex added 110.6 points, or 0.19 per cent, to trade at 57,724.32, while NSE’s Nifty50 gained 37.45 points, or 0.22 per cent, to 16,989.15 at 9.20 am.

Sensex rises 110 pts, Nifty nears 17k; Quess Corp rises 11%; South Indian Bank tanks 13%

The Kerala-based bank also said in the same filing that the board constituted a search committee that will identify and evaluate suitable candidates for the position of MD and CEO.

South Indian Bank hires Hunt Partners as it looks for new CEO and MD

South Indian Bank share price: The counter’s 14-day relative strength index (RSI) came at 24.54. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity (P/E) ratio of 4.85.

South Indian Bank shares dive 17% as MD & CEO opts out of reappointment

South Indian Bank’s MD and CEO Murali Ramakrishnan has decided to not seek reappointment for a second term, instead choosing to step down post the end of his term in September 2023.

South Indian Bank MD to not seek second term, board begins hunt for new head

Stocks In Focus | Autos, Sugar Stocks, Cement Stocks, RIL & South Indian Bank | BQ Prime #StocksInFocus | #ICICIDirect’s Pankaj Pandey shares his outlook on #autos, #sugar stocks, #cement stocks & #RIL.

Stocks In Focus | Autos, Sugar Stocks, Cement Stocks, RIL & South Indian Bank

Search committee considering internal and external options for selecting new chief of Thrissur-based lender

South Indian Bank to name new CEO by May as Ramakrishnan announces exit

South Indian Bank shares dive 15 per cent as CEO Murali Ramakrishnan opts out of re-appointment. Stock is falling in the 8th Consecutive session. Sumeet Mulchhandani, Sr. Tech Analyst, Vighnahara Investment,gave an overview of Manappuram finance he said that it is an attractive company as it got approval to raise 80 billion a few days earlier.
#stocknews  #sharemarketnews #stockmarkets #southindianbank
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South Indian Bank Shares Dive 15 % As CEO Murali Ramakrishnan Opts Out Of Re-appointment | ET Now

Murali Ramakrishnan, MD and CEO of South Indian Bank, has announced that he will not seek re-appointment when his tenure ends in September. Ramakrishnan explained that his decision was purely personal, and that he had finished implementing organisational changes that would keep the bank running smoo…

South Indian Bank MD on not opting for reappointment & transition to new leadership

Hunt Partners has been appointed to fill in the post of new MD of South Indian Bank, as per sources. Here are all the exclusive details.Hunt Partners has been appointed to fill in the post of new MD of South Indian Bank.South Indian Bank CEO Appointment: Hunt Partners to fill in the post as Murali Ramakrishnan opts out of re-appointment | EXCLUSIVE

#southindianbank #southindianbank #huntpartners
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Hunt Partners Appointed To Fill In Post Of New MD of South Indian Bank | ET Now

The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances.

South Indian Bank plunges 17% as MD & CEO opts out of reappointment

The bank’s Vision 2025 program entails crossing 13 percent in return on equity (RoE) and 1 percent return on assets (RoA)

South Indian Bank investors fear roadblock in Vision 2025 program as MD refuses re-appointment

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

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.