SEBI Registration No - INA000003197 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS.

Blog

southIndianBank

South Indian Bank shoots post Q2FY19 numbers

Shares of South Indian Bank shot up by 15.5% in early morning trade on Tuesday even as the company missed street estimates. The bank posted an NII of Rs506.50cr, up 0.65% yoy and 2.48% qoq.

The bank has reported net profit below consensus estimates. The reported PAT stood at Rs70cr in Q2FY19, against a profit of Rs4.3cr in the corresponding quarter last year.

The yoy growth in PAT was due to lower provisions, which has declined ~55% to Rs205cr.

South Indian Bank Ltd is currently trading at Rs14.51 up by Rs1.91 or 15.16% from its previous closing of Rs12.60 on the BSE.
The scrip opened at Rs13.86 and has touched a high and low of Rs14.71 and Rs13.50 respectively. So far 5,00,59,557 (NSE+BSE) shares were traded on the counter.
Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >> Bonaz Capital