– South Indian Bank

South Indian Bank stock has rallied 180% in a year and 200% over three years, gaining 15% year-to-date.
ICICI Securities gives the stock a ‘Buy’ rating with a revised target price of Rs 28, citing a 27% potential upside.
RBI approves PR Seshadri as MD and CEO, seen as a positive move by analysts.
South Indian Bank’s Q1 2023 financials show a 75% increase in net profit and reduced NPAs.
Net interest income surged 33.87% to Rs 807.77 crore in Q1 2023.
Operating profit in Q1 2023 rose 54.74% to Rs 490.24 crore.

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South Indian Bank