Buy South Indian Bank

Finquest Securities has recommended for buy South Indian Bank share (nse,bse) with a target of Rs 220 in its July 16, 2010 research report.

Market Capitalization: 2122.33

PE ratio 9.11 15/07/10

EPS (Rs) 20.68 Mar, 10.

Dividend: 2.13.

Our technical view on South Indian Bank share

South Indian Bank 52 week high is 195 and 52 week low is 96.

This stock has a support in 173, 165, and 158 levels.

Technically this stock is in a bullish trend. But this stock close below 184 it will down up to 165 level and 165 is a best price for long.

South Indian Bank key stats

	Jun-09	Sep-09	Dec-09	Mar-10
Non promoter holding shares	113000000
Reserve surplus	0	0	0	0
Calculated EPS current unit		6.42	5.53	3.42
Extra Ordinary Items	0	0	0	0
Deferred Tax	-7.97	0.2	-4.06	2.43
Tax		44.82	40.34	13.63
PBDIT	409.31	421.08	414.74	489.6
Calculated EPS adj ann current unit		25.69	22.11	13.67
Book value current unit	0	0	131.03	0
Calculated EPS ann current unit	21.28	25.69	22.11	13.67
Depreciation	0	0	0	0
Other Income	55.98	65.51	43.12	43.85
PATM	12.92	15.48	12.8	7.52
EPS current unit	5.32	6.42	5.53	3.42
Reported Profit After Tax	60.11	72.57	62.46	38.62
Interest	312.83	303.67	316	434.92
Net Sales	465.26	468.87	487.79	513.8
Excise Duty	0	0	0	0
PBTDM		25.04	20.24	10.64
Equity	113.01	113.01	113.01	113.01
EPS Adj current unit		6.42	5.53	3.42
PBDT		117.41	98.74	54.68
Calculated EPS adj current unit		6.42	5.53	3.42
Face value	10	10	10	10
Dividend	0	0	0	0
Total Expenditure	111.93	113.3	116.17	68.05
Total Income	521.24	534.38	530.91	557.65
Adjusted Profit After Extra Ordinary Item	60.11	72.57	62.46	38.62
PBIDM		89.81	85.02	95.29