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South Indian Bank gains after RBI removes FII stock purchase curbs

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Capital Market
Last Updated : Jun 27 2013 | 1:30 PM IST

Meanwhile, the S&P BSE Sensex was up 191.04 points, or 1.03%, to 18,743.16.

On BSE, 3.29 lakh shares were traded in the counter as against an average daily volume of 2.82 lakh shares in the past one quarter.

The stock hit a high of Rs 21.95 and a low of Rs 21.60 so far during the day. The stock had hit a record high of Rs 30.65 on 7 January 2013. The stock had hit a 52-week low of Rs 19.50 on 25 June 2013.

The stock had underperformed the market over the past one month till 26 June 2013, sliding 15.80% compared with the Sensex's 5.85% fall. The scrip had also underperformed the market in past one quarter, sliding 10.04% as against Sensex's 0.81% fall.

The small-cap company has an equity capital of Rs 134.03 crore. Face value per share is Re 1.

The ceiling on investment by foreign institutional investors (FIIs) in South Indian Bank is 49%. Total foreign holding in South Indian Bank was 46.22% as at 31 March 2013, of which 43.97% was held by FIIs.

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South Indian Bank's net profit rose 26.14% to Rs 153.83 crore on 19.51% rise in total income to Rs 1286.37 crore in Q4 March 2013 over Q4 March 2012.

South Indian Bank is a Kerala-based private-sector bank.

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First Published: Jun 27 2013 | 1:11 PM IST

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