Penny Stock South India Bank MultibaggerSouth India Bank is trading around 8Rs, recently some buying volume seen and seems like in accumlation stage.
Can be good penny investment, as a rule, not more than 10% of your portfolio.
Buying area 5-9 Rs. Targets : 13,20,30+
Risk is limited, however rewards can be huge, it may easily double or triple.
SOUTHBANK trade ideas
NSE: SOUTHBANK - Volume profile suggest strong players entering NSE:SOUTHBANK
South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 871 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines NSE:SOUTHBANK
south India bank ascending triangle break out 18.01.2023
south India bank is formed ascending triangle type formation on weekly chart
also has done nice break out today.
today announced third quarter net profit ( 3.05 billion )
hope it will increase more.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
South India Bank(SOUTHBANK) - An Overview of the current TrendAs per previous chart history and current position of this stock, it is indicating to buy at CMP or wait for a dip to enter on reversal. Fundamentals are strong of this stock.
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
SOUTH INDIAN BANK LTDSOUTH INDIAN BANK LTD (1D)
CMP 24.95
- After a Massive run stock is again come to Retest Breakout Levels
- Ready for Upmove from here
Sector : Banking
Industry : Bank - Private
Market Cap : 5,225.57 cr.
Category : Small Cap
PE : 5.72
Industry PE : 18.92
About Company
The South Indian Bank Ltd. is one of the earliest banks in South India. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest. Translating the vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.
The South Indian Bank Ltd. is one of the earliest banks in South India. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest. Translating the vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.
Business area of the Bank
South Indian Bank is a publicly held banking company engaged in providing a wide range of banking and financial services including retail banking, corporate banking and treasury operations. Products and services
• Personal Banking: Under this bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc.
• The bank offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, Sundaram BNP Paribas, UTI Mutual Funds, Reliance Mutual Funds, HSBC Investments, HDFC Mutual Fund, Fidelity Fund Management, Principal Mutual Funds, Fortis Investments, Birla Sun Life Asset Management Company and DSP BlackRock Mutual Funds.
• NRI banking: SIB also caters its banking products and services to NRI customers such as deposit, car loans, remittances, investment schemes, insurance are amongst others.
• Corporate banking: It provides wide range of products and services to corporates. SIB offers working capital finance, project finance, structured finance etc.
SOUTH INDIA BANK SUPER STAR PSU BANK INDEX The South Indian bank prices ₹26 these prize are volumes are very attractive and the share price are below to trade book value and the P ratio is 6 they are very attracted to Price the stocks.
1. Current price or generate multi beggar returns 2 to 5 years the stocks they can be return 200% to 300% percent very easily delivered the stocks are very under valuation category.
2. This stocks are same situation for IRFC (Indian Railway Finance Corporations) same situation as a ₹26 the after that stocks are breakout upper side and easily one and half years 50 to 60 rupees price easily touch and the higher side is big target 100 to ₹122 very easily achieveso very under evolution category.
3. South Indian Bank other one is show the public sector PSU Bank index chart they are all time high and massive growth for the future India's economy are developed and grow so the public sector bank are easily grow after 10 year come back public Sector Bank they are massive growth they are profits at all time high and all bank are relating so the very very good valuations and big opportunity for the public sector bank and public sector shares they are investments good profit for the future thank you
Long Position Idea (ready for big move)Investment Thesis:
South Indian Bank Limited is a prominent private sector bank in India, with a legacy dating back over a century. The bank offers a range of financial products and services, including retail banking, corporate banking, and treasury operations. While the banking sector can be subject to market volatility and economic fluctuations, there are factors that could make South Indian Bank an attractive investment opportunity.
Key Points Supporting the Long Position:
Historical Legacy: With a long history in the banking industry, South Indian Bank has built a reputation and established a customer base over the years. This can provide stability and trust in its operations.
Regional Presence: The bank's regional presence primarily in South India could be advantageous as it allows the bank to better understand and serve the local customer base. This regional focus can lead to deeper relationships with customers and potentially better business opportunities.
Diversified Portfolio: South Indian Bank offers a range of banking services, including retail and corporate banking, which can provide a diversified revenue stream. This diversification can help mitigate risks associated with changes in specific sectors.
Growth Opportunities: As the Indian economy continues to develop, there are growth opportunities in sectors like retail lending, digital banking, and SME financing. South Indian Bank's focus on these segments could position it well for future growth.
Risk Factors to Consider:
Market Volatility: Like any investment, the stock of South Indian Bank can be influenced by broader market trends and volatility. Changes in economic conditions and market sentiment can impact the stock's performance.
Regulatory Environment: The banking sector is highly regulated, and changes in regulations or policies can affect the operations and profitability of banks. Staying informed about regulatory developments is crucial for investors.
Credit Quality: The bank's loan portfolio's credit quality is an important factor to consider. Changes in the economic environment can impact borrowers' ability to repay loans, potentially affecting the bank's asset quality.
Competition: The banking industry is competitive, with both traditional and new-age players vying for market share. The bank's ability to compete effectively in terms of products, services, and customer experience is essential.
SOUTH INDIAN BANK BULLISH BUTTERFLY Hello
Welcome to this analysis about SOUTH INDIAN BANK , we are looking at daily timeframe perspectives. SOUTH INDIAN BANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SOUTH INDIAN BANK is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SOUTH INDIAN BANK has emerged with this key channel pattern & Bullish Butterfly pattern marked in my chart with boundaries. which is an important level and also psychological level mark together with the lower-boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis about SOUTH INDIAN BANK and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
SOUTH INDIAN BANKSouth India Bank-CMP Rs. 11.40-Stock crosses 0 Line and since than Trading volumes are good and delivery volumes are also good, stock is about to give a break out, BUY the stock at current price on dips till 11 Rs. with a stop loss of 10.30 on closing basis for the target of Rs. 12.50/13.50/15 in next 1-3 Months.