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South Indian Bank Shares Surge 10% to 52-Week High on Strong Q1 Profit
10 Oct
Summary
- South Indian Bank shares hit 52-week high, up over 10%
- Bank reported 10% rise in Q1 profit to ₹322 crore
- Improved asset quality and strong trading volumes signal potential further gains
On October 10, 2025, shares of South Indian Bank surged more than 10% to reach a 52-week peak, buoyed by strong trading volumes. The small-cap stock opened at an intraday low of ₹31.11 and touched an intraday high of ₹34.32 per share.
According to analysts, the bank's share price has broken out of a bullish pattern on the daily charts, supported by a massive 1,055% surge in trading volumes compared to the 50-day average. This signals increased institutional participation, raising the likelihood of the breakout sustaining.
The bank's financial performance has also been impressive, with a 10% rise in Q1 profit to ₹322 crore and improved asset quality. The gross non-performing assets (NPAs) decreased to 3.15% of gross advances at the end of the June quarter, down from 4.50% a year earlier.
Analysts remain optimistic about the stock's near-term prospects, noting that the overall price structure and momentum indicators remain supportive. The bank's board is set to meet on October 16, 2025, to review and approve the unaudited financial results for the quarter and half-year ended September 30, 2025.
