South Indian Bank Ltd Sees 8.7 Million Shares Traded, Among Most Active Stocks Today

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 8,696,690 shares and a total traded value of approximately Rs 28.99 crore. The stock opened at Rs 33.07 and reached a day high of Rs 33.62, closing at Rs 33.38, which positions it just 2.84% away from its 52-week high of Rs 34.44.
In terms of performance, South Indian Bank has outperformed its sector, delivering a 1.61% gain compared to the sector's 0.63% return. Over the past two days, the stock has shown a consecutive gain of 4.1%. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume dropping by 40.46% against the 5-day average. Despite this, the stock remains liquid, accommodating trade sizes of up to Rs 2.99 crore based on 2% of the 5-day average traded value. Overall, South Indian Bank's performance today reflects a robust market position within its sector.