Shares of South Indian Bank Ltd. gained the most since Dec. 27 after the lender reported an 18% rise in its gross advances for the quarter ended December.
The private sector lender, in a stock exchange filing, said that its gross advances for October-December gained 18% to Rs 70,168 crore.
CASA increased 9% on-year to Rs 30,699 and the CASA ratio improved 189 basis points to 33.8%.
The stock rose as much as 10.13% intraday before closing 6.49% higher. The benchmark Nifty 50 ended the day with 0.19% gains. The scrip traded twice its 30-day average volume.
The relative strength index is 66.
Out of the seven analysts tracking the company, three maintain a 'buy' rating, three suggest 'hold' and one recommends a 'sell' on the stock, according to Bloomberg data. The 12-month consensus price target implies a downside of 28.8%.
RECOMMENDED FOR YOU
![](https://images.assettype.com/bloombergquint/2024-08-21/dbxumdcs/13.png?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Brokerage Views: Citi's India Equity Strategy, Morgan Stanley's IT Picks And More
![timelogo](/images/amp-time.png)
![](https://images.assettype.com/bloombergquint/2024-09-05/ezbqkkbb/Raymond-Lifestyle.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Raymond Lifestyle Hits Lower Circuit After Listing At 99% Premium On BSE
![timelogo](/images/amp-time.png)
Raymond Shares Hit One Month High As Lifestyle Arm Lists
![timelogo](/images/amp-time.png)
![](https://images.assettype.com/bloombergquint/2024-08-19/8xn6vmc7/austin-distel-DfjJMVhwH_8-unsplash (8).jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Stock Market Today: All You Need To Know Before Going Into Trade On Aug. 20
![timelogo](/images/amp-time.png)