Jul 13, 2017 04:49 PM IST | Source:

Buy South Indian Bank; target of Rs 34: Motilal Oswal

Motilal Oswal is bullish on South Indian Bank has recommended buy rating on the stock with a target price of Rs 34 in its research report dated June 12, 2017

  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on South Indian Bank

South Indian Bank (SIB)  reported PAT growth of 34%/7% QoQ/YoY. PPoP growth stood at 35%/46% QoQ/YoY , led by high trading gains ( ~44% of total other income– second highest in 13 quarters, barring 3QFY17). However,provisions soared 36%/97% QoQ/YoY, restricting YoY PAT growth.


we maintain our Buy rating with a TP of INR34.3 (1.1x June  2019E BV, slight increase over earlier multiple of 1.0x Mar 2019 E   BV in view of significantly improved visibility of asset quality / profitability).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Follow us on
Available On