South Indian Bank Ltd Sees 6.99 Million Shares Traded, Ranking Among Day's 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 6,992,150 shares and a total traded value of approximately Rs 2,129.81 lakhs. The stock opened at Rs 30.24, reaching a day high of Rs 30.80 before settling at a last traded price of Rs 30.60. This performance marks a 2.03% increase for the day, significantly outperforming its sector, which saw a mere 0.14% gain.
Notably, South Indian Bank has been on a positive trajectory, gaining for the last five consecutive days and accumulating a total return of 7.12% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume on October 6 reached 564,000 shares, reflecting a 27.08% increase compared to the 5-day average, suggesting rising investor participation.

With a market capitalization of Rs 8,007.25 crore, South Indian Bank continues to demonstrate robust liquidity, making it a notable entity in the banking sector. Overall, the stock's recent performance highlights its active trading status and positive momentum in the market.