Business Business: Today 05 November 15:00, South Indian Bank shares are trading at ₹ 24.11, down -0.45% from previous close. Sensex is trading at ₹ 79382.8, up 0.76%. The stock touched a high of ₹ 24.35 and a low of ₹ 23.96 during the day.
On the technical front, the stock is trading above 10 day SMA and below 5,20,50,100,300 day SMA. The stock will find support at 10 day SMA and face resistance at 5,20,50,100,300 day SMA. The SMA values for the stock are given below:
Day Simple Moving Average
5 24.46
10 24.09
20 24.15
50 24.76
100 25.68
300 27.45
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹24.67, ₹25.11, and ₹25.44, while it has key support levels at ₹23.9, ₹23.57, and ₹23.13.
South Indian Bank Share Price Today
As of 3 pm today, the traded volume for South Indian Bank on NSE and BSE was -20.74% lower than the previous trading session. Trading volume is an important indicator along with price to study the trend. Positive price movement with high volume indicates a sustainable uptrend, and negative price movement with high volume may indicate a further decline in prices.
Overall, according to Mint technical analysis, the stock is currently experiencing a strong downtrend.
From a fundamental analysis point of view, the company’s ROE is 13.81% and ROA is 0.95%, respectively. The current P/E of the stock is at 4.77 and P/B at 0.67.
The average 1-year forecasted upside in this stock is 41.02%, with a target price of ₹34.00.
