South Indian Bank, a prominent financial institution in India, has been closely monitored by investors and market analysts for its share price performance. As we look ahead to the future, the burning question arises: Can South Indian Bank reach the milestone of 1000 INR in the coming years? This article aims to explore the potential share price targets for South Indian Bank in the years 2023, 2024, 2025, and even beyond to 2030. By analysing market trends, financial indicators, and the bank’s strategic initiatives, we seek to shed light on the prospects of South Indian Bank’s share price in the near and long term.
Contents
SOUTH INDIAN BANK IN RECENT NEWS
- South Indian Bank’s Managing Director and CEO, Murali Ramakrishnan, has chosen not to seek re-appointment for personal reasons. The bank’s search committee will initiate the process of finding a suitable candidate to replace him as his current tenure concludes on September 30, 2023.
- According to an exchange filing, South Indian Bank reported an increase in its gross advances from Rs 64,704 crore to Rs 74,107 crore compared to the same period last year. In the previous quarter (Q4 FY23), the bank’s advances were recorded at Rs 72,092 crore.
- South Indian Bank has entered into a memorandum of understanding with Mahindra and Mahindra Ltd to offer financing solutions to the dealers associated with the latter.
HOW TO BUY SOUTH INDIAN BANK SHARES IN INDIA?
- Zerodha
- ICICI Direct
- HDFC Securities
- Sharekhan
- Axis Direct
- Kotak Securities
- Angel Broking
- Motilal Oswal Securities
- SBI Securities
- Edelweiss
SOUTH INDIAN BANK SHARE PRICE TARGET 2023 TO 2025
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2023
| When | Maximum Price | Minimum Price |
| July 2023 | ₹21.70 | ₹19.73 |
| August 2023 | ₹22.13 | ₹20.12 |
| September 2023 | ₹22.64 | ₹20.58 |
| October 2023 | ₹21.98 | ₹19.99 |
| November 2023 | ₹22.42 | ₹20.38 |
| December 2023 | ₹23.10 | ₹21.00 |
South Indian Bank Ltd, one of the leading banks in South India, has displayed a fluctuating yet promising trend in its share prices throughout 2023. Starting from a minimum price of ₹19.73 in July, the stock steadily climbed, reaching a maximum price of ₹23.10 in December. This upward trajectory suggests potential growth opportunities for investors in the coming year. Despite minor fluctuations along the way, the general trend indicates a positive outlook for South Indian Bank Ltd’s share price target in 2023.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹24.31 | ₹21.14 |
| February 2024 | ₹26.43 | ₹22.98 |
| March 2024 | ₹26.69 | ₹23.21 |
| April 2024 | ₹24.27 | ₹21.10 |
| May 2024 | ₹20.22 | ₹17.58 |
| June 2024 | ₹24.27 | ₹21.10 |
| July 2024 | ₹20.63 | ₹17.94 |
| August 2024 | ₹22.69 | ₹19.73 |
| September 2024 | ₹23.82 | ₹20.72 |
| October 2024 | ₹28.03 | ₹24.37 |
| November 2024 | ₹29.43 | ₹25.59 |
| December 2024 | ₹30.02 | ₹26.10 |
The share price of South Indian Bank Ltd is expected to exhibit a dynamic pattern in 2024. The data reveals notable fluctuations in the share prices throughout the year. In January, the price reached its maximum at ₹24.31, while the minimum was ₹21.14. However, the prices experienced a significant surge in October and November, reaching their highest points at ₹28.03 and ₹29.43, respectively. These peaks suggest potential growth and increased investor confidence in the bank. Nonetheless, investors should be cautious as the share prices also witnessed a dip in May and July, indicating some volatility in the market.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2025
| South Indian Bank Ltd
Share Price Target 2025 |
Maximum Price | Minimum Price |
| January 2025 | ₹30.62 | ₹23.55 |
| February 2025 | ₹32.23 | ₹24.79 |
| March 2025 | ₹33.84 | ₹26.03 |
| April 2025 | ₹30.21 | ₹23.24 |
| May 2025 | ₹27.47 | ₹21.13 |
| June 2025 | ₹30.21 | ₹23.24 |
| July 2025 | ₹28.78 | ₹22.14 |
| August 2025 | ₹29.97 | ₹23.06 |
| September 2025 | ₹31.47 | ₹24.21 |
| October 2025 | ₹33.36 | ₹25.66 |
| November 2025 | ₹35.70 | ₹27.46 |
| December 2025 | ₹36.41 | ₹28.01 |
Analyzing the share price data for South Indian Bank Ltd in 2025, we observe a fluctuating yet upward trend, indicating potential growth opportunities for investors. Starting the year with a minimum price of ₹23.55 in January, the stock gradually climbed to reach a maximum price of ₹36.41 by December. Despite some temporary declines along the way, the overall trajectory suggests a positive outlook for South Indian Bank Ltd’s share price target in 2025. With consistent growth and an increasing maximum price throughout the year, the bank’s stock shows promise for potential returns for investors.
SOUTH INDIAN BANK SHARE PRICE TARGET FOR 2026 TO 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹41.87 | ₹29.31 |
| 2027 | ₹35.59 | ₹24.91 |
| 2028 | ₹64.07 | ₹44.85 |
| 2029 | ₹140.94 | ₹98.66 |
| 2030 | ₹146.55 | ₹102.59 |
South Indian Bank Ltd, being the first among private sector banks in Kerala, showcases a notable growth trajectory in its share prices from 2026 to 2030. Starting with a maximum price of ₹41.87 and a minimum price of ₹29.31 in 2026, the stock demonstrates a positive trend. Over the next few years, the share prices continue to rise steadily, reaching an impressive maximum price of ₹146.55 and a minimum price of ₹102.59 by 2030. These figures suggest a significant potential for growth and reinforce South Indian Bank Ltd’s position as a promising investment choice for the future.
SOUTH INDIAN BANK FINANCIAL CONDITION (LAST 5 YEARS)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
| Revenue | 6,877 | 7,764 | 7,305 | 6,587 | 7,233 |
| Interest | 4,857 | 5,446 | 4,899 | 4,347 | 4,221 |
| Expenses+ | 2,296 | 3,136 | 3,467 | 3,282 | 2,716 |
| Financing Profit | -276 | -818 | -1,060 | -1,042 | 296 |
| Financing Margin % | -4% | -11% | -15% | -16% | 4% |
| Other Income+ | 726 | 1,046 | 1,229 | 1,034 | 813 |
| Depreciation | 70 | 78 | 83 | 84 | 0 |
| Profit before tax | 380 | 150 | 87 | -92 | 1,108 |
| Tax % | 35% | 30% | 29% | 149% | 30% |
| Net Profit+ | 248 | 105 | 62 | 45 | 775 |
| EPS in Rs | 1.37 | 0.58 | 0.3 | 0.21 | 3.7 |
| Dividend Payout % | 18% | 0% | 0% | 0% | 8% |
Over the last five years, South Indian Bank has shown a mixed financial performance. The bank’s revenue has experienced fluctuations, with a peak of ₹7,764 crore in 2020 but declining to ₹7,233 crore in 2023. Similarly, the interest income has varied, reaching its highest point in 2020 at ₹5,446 crore but slightly decreasing to ₹4,221 crore in 2023. The bank has been able to control its expenses to some extent, with a decrease from ₹3,467 crore in 2021 to ₹2,716 crore in 2023. However, the bank faced challenges in terms of financing profit, which was negative for the past three years, indicating losses. Despite these challenges, South Indian Bank managed to generate a net profit of ₹775 crore in 2023, showing some signs of recovery.
SOUTH INDIAN BANK SHARE PRICE TARGET BY BROKERAGE FIRMS AND EXPERTS
SOUTH INDIAN BANK SHARE PRICE TARGET BY Geojit Financial Services
Geojit Financial Services suggests purchasing South Indian Bank with a target price of Rs 21.
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FAQs
Will South Indian Bank stock price grow in 2023?
Based on the provided data, the share price of South Indian Bank shows some fluctuations in 2023. It starts at ₹21.70 in July and reaches ₹23.10 in December, indicating some growth over the year. However, it’s important to consider that past performance is not indicative of future results, and various factors can influence stock prices.
The maximum share price target for South Indian Bank in 2024 is ₹30.02, and the minimum share price target is ₹26.10.
The maximum share price target for South Indian Bank in 2023 is ₹23.10, and the minimum share price target is ₹21.00.
According to the newly provided data, the maximum share price target for South Indian Bank in 2030 is ₹146.55, and the minimum share price target is ₹102.59.
CONCLUSION
Based on the provided share price information for South Indian Bank Ltd, it is clear that the share prices have been fluctuating over the years. In 2023, the share prices ranged between ₹19.73 and ₹23.10, showing some volatility. In 2024, the prices ranged between ₹17.58 and ₹29.43, indicating a wider range of fluctuations.
Looking ahead to 2025, the projected share prices for South Indian Bank Ltd show a gradual increase over the year, with the maximum price ranging from ₹30.62 to ₹36.41 and the minimum price ranging from ₹23.55 to ₹28.01. However, reaching ₹1000 per share seems highly unlikely based on the available data and trends.
To make accurate predictions for the share price target beyond 2025 and determine if the bank can reach ₹1000, additional information and analysis would be required. Factors such as the bank’s financial performance, market conditions, economic indicators, and industry trends play crucial roles in determining share prices.
Investors should exercise caution and conduct thorough research or consult financial experts before making any investment decisions.
