South Indian Bank hits record high on quarterly profit rise
BUZZ-South Indian Bank hits record high on quarterly profit rise ** Shares of India's South Indian Bank SIBK.NS rise as much as 4.9% to hit record high of 52.08 rupees, last up 2.7%
** Bank reports September-quarter net profit rises 21.4% Y/Y to 4.26 billion rupees ($44.82 million) from 3.51 billion rupees a year earlier
** More than 54.36 million shares change hands, about 4.1x the 30-day average volume
** Stock rated "buy" on average by 7 analysts; median PT is 50 rupees - LSEG-compiled data
** Stock up 33% YTD
($1 = 95.0500 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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