South Indian Bank share price rose more than 3% in intraday trade on the BSE on Wednesday, 21 October, to hit a 52-week high of ₹56.21. The stock has been on a roll this month, rising as much as 15% so far in October. In fact, South Indian Bank shares have been hitting back-to-back 52-week highs for the last four consecutive sessions.
The stock has been witnessing healthy buying interest after the company announced its September quarter (Q2FY27) results during market hours on 15 October.
South Indian Bank's net profit was ₹426.13 crore for Q2FY27, up 21.28% year-on-year (YoY).
For the quarter, the bank reported its highest-ever net interest income (NII) of ₹1,116 crore, up 37.95% YoY. Net interest margin (NIM) improved to 3.33% from 2.80% YoY.
GNPA declined by 169 bps from 2.93% to 1.24% YoY, while NNPA eased by 47 bps from 0.56% to 0.09 % YoY.