South Indian Bank is one of our favourite stocks ever since Raamdeo Agarwal identified it as his multibagger stock pick. Now, Rajen Shah of Angel Broking has also recommended South Indian Bank in as a strong pick in the banking space. He said that though he also expected ICICI Bank and Axis Bank to give reasonably fine return over the next 12 months of about 15% or so, he was confident that South Indian Bank could surprise with a 25% to 30% kind of upside. Rajen Shah pointed out that South Indian Bank was trading at about 24 and it was expected to go up to about 30 because its first quarter results were quite good. The Bank was expected to earn an EPS of about Rs 3.5 and he was confident of a minimum 25% upside in South India Bank over the next 9 to 12 months.