South Indian Bank Ltd Sees 11.3 Million Shares Traded, Ranking Among Most Active Stocks

South Indian Bank Ltd, a small-cap player in the private sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 11,287,518 shares and a total traded value of approximately Rs 36.37 crores. The stock opened at Rs 32.90 and reached a day high of Rs 32.90, while the day low was recorded at Rs 31.93. As of the latest update, the last traded price stands at Rs 32.63.
Despite its active trading, South Indian Bank has underperformed compared to its sector, showing a decline of 1.88% today, while the sector itself posted a modest gain of 0.80%. This marks a trend reversal for the stock, which had experienced two consecutive days of gains prior to today’s performance.

In terms of moving averages, the stock is currently above the 20-day, 50-day, 100-day, and 200-day moving averages, but below the 5-day moving average. Notably, investor participation has seen an increase, with a delivery volume of 1.88 crore shares on October 16, reflecting a rise of 0.51% against the 5-day average delivery volume. The liquidity of the stock remains robust, accommodating trade sizes of up to Rs 3.52 crores based on 2% of the 5-day average traded value.

Overall, South Indian Bank's performance today highlights a mix of active trading and sector underperformance, with notable metrics indicating a dynamic trading environment.