South Indian Bank up on strong September-quarter business growth
05/10/2026 07:51
BUZZ-South Indian Bank up on strong September-quarter business growth ** South Indian Bank SIBK.NS shares rise 1.4% to 48.11 rupees
** September-quarter gross advances rise 18.67% YoY
** Reports total deposits of 1.37 trillion Indian rupees ($14.23 billion) for September quarter, up 18.7% YoY
** Stock trades at forward 12-month P/E of 6.93 vs industry median of 10.04 - data compiled by LSEG
** 4 of 7 brokerages rate the stock "buy" or higher and 3 "hold"; their median PT is 50 rupees
** YTD, stock up 25.8%
($1 = 96.2700 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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