The share touched its 52-week high Rs 18.55 and 52-week low Rs 8.50 on 08 April, 2019 and 15 October, 2019, respectively.
South Indian Bank share price shed more than 1 percent in the morning trade on December 10 after India Ratings and Research revised the company’s rating.
India Ratings gave IND A+ rating with a negative outlook on the company's Lower Tier II bonds and Tier II bonds (Basel III compliant) of Rs 1,490 crore.
The rating revision reflects a higher proportion of stressed assets to net worth, subdued profitability along with lower provision coverage compared to peer banks, thereby increasing the importance of raising tier 1 capital in the medium term.
At 1118 hours, South Indian Bank was quoting at Rs 10.62, down Rs 0.14, or 1.30 percent, on the BSE.
The share touched its 52-week high of Rs 18.55 on April 8, 2019 and 52-week low of Rs 8.50 on October 15, 2019.It is trading 42.37 percent below its 52-week high and 25.76 percent above its 52-week low.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.