Is it possible Rs.130 for South Indian Bank?
Kerala based South Indian Bank has announced that has fixed the Record date as October'17 for the purpose of taking the list share holders eligible for issue of bonus shares in the ratio of 1 bonus shares for the every 4 shares held in the company. South Indian Bank shares are trading at Rs.112/- The bank is having only Rs.90 cr share capital and having low floating stock in the market it has earned Rs.38.62 cr net profit the the first quarter of this financial year. One can expect Rs.130 level (6months historic price) before the record date.
