Is South Indian Bank shares good to buy?
Table of Contents
Presently, SIB has the highest Tier-I capital amongst private banks at 13.1\% providing more than sufficient headroom to grow at the targeted pace. The bank’s balance sheet is one of the strongest in the industry with a high Tier-1 capital, low RWA/IEA ratio (45\%) and negligible net NPLs (0.4\%).
What is the target of South Indian Bank?
South Indian Bank Ltd. has an average target of 11.00. The consensus estimate represents an upside of 24.29\% from the last price of 8.85.
Who is the owner of South Indian Bank?
South Indian Bank
| South Indian Bank Head Office | |
|---|---|
| Industry | Banking Financial services |
| Founded | 29 January 1929 |
| Headquarters | Thrissur, Kerala, India |
| Key people | Salim Gangadharan (Chairman) Murali Ramakrishnan (MD & CEO) |
Is South Indian Bank undervalued?
South Indian Bank is one bank that continues to be undervalued and is available at a p/e of only 7 times one year forward earnings. The shares are also available with a dividend of 2.53 per cent. This makes the bank a good pick at the current levels.
According to present data South Indian Bank’s South Indian Bank Ltd shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Currently there seems to be a trend where stocks in the Other Finance and Insurance sector (s) have been popular in this period.
Is South Indian Bank Ltd (SIB) a good investment?
Currently there seems to be a trend where stocks in the Other Finance and Insurance sector (s) have been popular in this period. Our Ai stock analyst implies that there will be a negative trend in the future and the South Indian Bank Ltd shares are not a good investment for making money.
Your investment Rs.159000.00 (the value you planned for averaging).You will get at least 30 -40\% of return after six months from your fresh investments. (i.e. Rs.60000 around). Also your existing south Indian bank share price can increase Rs. 2 to 3.00 per share from the current market price.
Which is the first bank in South India?
One of the earliest banks in South India, “South Indian Bank” came into being during the Swadeshi movement.
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