South Indian Bank Ltd Sees 53.8 Million Shares Traded, Among Most Active Today

South Indian Bank Ltd, a small-cap player in the private sector banking industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol SOUTHBANK, recorded a total traded volume of 53,814,041 shares, with a total traded value of approximately Rs 21,014.38 lakhs.
The stock opened at Rs 38.50 and reached a day high of Rs 39.90, while the day low was Rs 38.22. As of the latest update, the last traded price (LTP) stands at Rs 38.98, which is just 4% away from its 52-week high of Rs 40.30. However, it has underperformed its sector by 0.64% today, marking a 1.05% decline in its one-day return, compared to a 0.52% drop in both the sector and the Sensex.

Despite this dip, South Indian Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Notably, investor participation has seen a decline, with delivery volume falling by 6.75% against the 5-day average. The stock remains liquid enough for trades of approximately Rs 5.11 crores, based on 2% of the 5-day average traded value. Overall, South Indian Bank continues to show significant activity in the market, reflecting its current standing in the banking sector.