South Indian Bank Ltd Sees 12.4 Million Shares Traded, Leading Volume Activity Today

South Indian Bank Ltd (SOUTHBANK) has emerged as one of the most active equities today, with a total traded volume of 12,445,416 shares and a total traded value of approximately Rs 42.00 crore. The stock opened at Rs 34.26, matching its previous close, but has since experienced fluctuations, reaching a day high of Rs 34.42 and a day low of Rs 33.23. Currently, the last traded price stands at Rs 33.31.
Despite being close to its 52-week high of Rs 34.44, the stock has underperformed its sector by 2.22% today. This decline follows two consecutive days of gains, indicating a potential trend reversal. Notably, South Indian Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

Investor participation has notably increased, with a delivery volume of 5.06 crore shares on October 10, reflecting a significant rise of 412.75% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 2.69 crore based on 2% of the 5-day average traded value. Overall, South Indian Bank's performance today highlights a mix of active trading and fluctuating market dynamics.