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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-05-13||South East Agro Indu..||Geojit BNP Paribas||Buy|
Geojit BNP Paribas
South Indian Bank is a major private sector bank, headquartered at Thrissur in Kerala having 1,406 ATMs and 870 branches, with around 83% of them in south India. Currently, the bank is having a loan book size of ~Rs63,630cr and deposit base of ~Rs80,420cr. Muted growth in Net Interest Income (NII) at 1.5% YoY and a degrowth of 3.9% QoQ in the current quarter, mainly due to elevated cost of funds and a marginal decline in interest yield. The advances have grown by 14.9% YoY, with retail segment...
|2019-05-10||South East Agro Indu..||Chola Wealth Direct||Buy|
Chola Wealth Direct
Sector: Banking /Mid-Cap | Earnings Update 4QFY19 Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 873 branches, 53 extension centres and about 1,406 ATMs. The bank's business is largely skewed towards the Southern state with half of its branches located in Kerala. SIB has established a strong brand recall among the KeraliteNRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 4QFY19 the bank had deposits of ~INR 804bn and a loan book of ~INR 636bn. SIB is the...
|2019-02-11||South East Agro Indu..||Geojit BNP Paribas||Buy|
Geojit BNP Paribas
Revival in loan growth (CAGR of 16%) in next two years led by renewed focus in retail and SME segments, which is expected to grow at a CAGR of 29% and 17% respectively over FY18-20E. Strategy and roadmap in place to improve CASA over a long term, which eventually helps to reduce the cost of funds....
|2018-04-17||South East Agro Indu..||Ventura||Buy|