South Indian Bank has target of Rs 162: Thacker

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South Indian Bank has target of Rs 162, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Technically South Indian Bank is looking very good. The price remains in an uptrend. I think the target for the day could be around Rs 162."

South Indian Bank has touched an intraday high of Rs 157.50 and an intraday low of Rs 152.70. At 13:50 hrs the share was quoting at Rs 155, up Rs 2.65, or 1.74% with volumes of 128,225 shares. Yesterday the share closed up 3.60% or Rs 5.30 at Rs 152.35.

The company touched its 52 week high Rs 171.00 and 52 week low Rs 48.60 on 07 Dec, 2009 and 18 Mar, 2009, respectively. Currently, it is trading -9.36% below its 52-week high and 218.93% above its 52-week low. Market capitalisation stands at Rs 1,751.60 crore.

The company's trailing 12-month (TTM) EPS was at Rs 21.72 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 7.14. The latest book value of the company is Rs 113.76 per share. At current value, the price-to-book value of the company was 1.36. The dividend yield of the company was 1.94%.