In the previous two years, South Indian Bank's shares have increased 290 percent. On May 6, 2022, South Indian Bank's shares closed at Rs 7.2 on the BSE. In the current trading session, it finished at Rs 28.08, quadrupling investor value in only two years. On February 2, 2024, the banking stock reached a record high of Rs 36.91, and on May 10, 2023, it reached a 52-week low of Rs 14.64. By contrast, within the same period, the BSE small cap index increased by 72.35%. In just two years, the benchmark banking index, Nifty Bank, increased by 41.35%.  Nonetheless, throughout the current trading session, investors' opinion toward South Indian Bank shares was unfavorable. On the BSE, it finished 2.47% down at Rs 28.08.

The shares had opened at Rs 29.28, higher earlier. A total of 40.16 lakh of the company's shares were traded on the BSE, generating a transaction of Rs 11.33 crore. On the BSE, the bank's market capitalization was Rs 7345.52 crore.  The beta of South Indian Bank's shares is 0.9, which denotes little annual volatility. In 2024, the stock increased by 14% after gaining 88% in a year.

According to Anand Rathi Shares' senior manager of technical research, Ganesh Dongre, "A stiff resistance has formed at the levels of Rs 32–33; on the weekly chart, the stock has seen an overbought condition currently." Technically speaking, this stock can only see another new surge once we break over this barrier. Support is now available for Rs. 25–26. Thus, investors should steer clear of this stock at the moment and hold off on buying it until it reaches the support level.

"The stock is well placed above all the major moving averages," stated market expert Ravi Singh. It may be held for the medium term with a stop loss of Rs. 24 and a possible upside of Rs. 34.

"The pattern analysis on the daily timeframe indicates that the price action is undergoing a distribution phase," stated Kushal Gandhi, Technical Analyst at StoxBox. The stock performs behind the 50 index in terms of both relative strength and EPS strength. The technical resistance zone is located between Rs. 30.75 and Rs. 31.80. Therefore, we advise against investing in South Indian Bank at the current market rate. 

Technically speaking, the South Indian Bank stock's relative strength indicator (RSI) is 47.6, indicating that it is not trading in the overbought nor oversold areas. The shares of South Indian Bank are now trading higher than the 150- and 200-day moving averages, but lower than the 5-, 10-, 20-, 30-, 50-, and 100-day moving averages. 

The lender recorded a 14% decrease in net profit to Rs 287.56 crore in Q4 of the most recent fiscal year, compared to Rs 333.89 crore in the same time in 2022–2023. In Q4 of FY23, operating profit decreased by 23% to Rs 433.54 crore from Rs 561.55 crore in the January to March quarter. Nonetheless, compared to Rs. 856.18 crore in Q4 of FY23, net interest income increased by 2% to Rs. 874.67 crore in Q4.