South Indian Bank Achieves 52-Week High Amid Broader Market Decline

Jun 02 2025 10:45 AM IST
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South Indian Bank's stock has reached a new 52-week high of Rs. 30.19, showcasing strong momentum despite a broader market decline. The bank has outperformed its sector and delivered a 10.32% return over the past year, surpassing the Sensex's performance. Its previous low was Rs. 22.12.
South Indian Bank has made headlines today as its stock price reached a new 52-week high of Rs. 30.19, marking a significant milestone for the midcap private sector bank. This achievement comes amid a broader market context where the Sensex has been experiencing a downward trend, currently down by 200.38 points to 81,014.04.

In terms of performance, South Indian Bank has outperformed its sector by 1.32% today and has shown a robust upward trajectory, gaining 4.65% over the past two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

Over the past year, South Indian Bank has delivered a commendable return of 10.32%, surpassing the Sensex's performance of 9.56%. The stock's previous 52-week low was recorded at Rs. 22.12, highlighting the significant progress it has made in recent months. As the market continues to navigate fluctuations, South Indian Bank's performance stands out as a noteworthy development in the financial landscape.
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