South Indian Bank is currently trading at Rs. 20.65, up by 0.35 points or 1.72% from its previous closing of Rs. 20.30 on the BSE.
The scrip opened at Rs. 20.95 and has touched a high and low of Rs. 20.95 and Rs. 20.45 respectively. So far 13,26,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.12 on 07-Oct-2016 and a 52 week low of Rs. 15.43 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 21.30 and Rs. 19.65 respectively. The current market cap of the company is Rs. 3,085.24 crore.
The Institutions and Non-Institutions held 50.36% and 49.64% respectively in the bank.
Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in South Indian Bank as the foreign shareholding in the company has gone below the prescribed limit. The restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect.
The central bank has notified that the aggregate foreign share holdings by FIIs/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Direct Investment (FDI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) under Portfolio Investment Scheme (PIS) in South Indian Bank have gone below the prescribed threshold caution limit stipulated under the extant FDI policy.
South Indian Bank has reported 9.59% rise in its net profit at Rs 111.38 crore for the quarter ended December 31, 2016 as compared to Rs 101.63 crore for the same quarter in the previous year. Total income of the Bank increased by 11.31% at Rs 1737.47 crore for Q3FY17 as compared Rs 1560.98 crore for the corresponding quarter previous year.