SOUTHBANK.NS The South Indian Bank (NSE) INR 37.86 30 Jan 2026: Watch 36.03 support
SOUTHBANK.NS stock fell to INR 37.86 intraday on 30 Jan 2026, down 14.79% from the previous close. The South Indian Bank (SOUTHBANK.NS) led intraday activity on the NSE with 119,544,314 shares traded, nearly four times the average. Heavy volume and a sharp gap from INR 44.43 yesterday tie the move to profit booking and sector pressure in Indian regional banks.
SOUTHBANK.NS stock intraday snapshot
The stock traded between INR 36.03 (day low) and INR 39.00 (day high) after opening at INR 38.15. Volume hit 119,544,314 versus an average of 33,211,982. Market cap stands at INR 115,835,059,000 and shares outstanding are 2,617,150,000.
Why the sharp intraday move
One clear driver was heavy selling into the previous rally and higher intraday turnover. Absent a single public news item, traders cited profit taking after a one‑month gain of 19.07% and a YTD rise of 16.69%. Regional bank weakness and sector YTD underperformance also pressured the stock.
Valuation and fundamentals for SOUTHBANK.NS stock
The South Indian Bank shows a PE of 8.34 and EPS of INR 5.31, with PB around 1.05 and book value per share INR 42.12. These multiples imply value relative to the financial services sector average PE of 31.77. Return on equity is 13.47%, and dividend per share is INR 0.40.
Technicals and key trading levels
Momentum indicators show RSI 60.08 and MACD histogram 0.37, indicating a still constructive short‑term bias despite the drop. The 50‑day average is INR 40.52 and the 200‑day average is INR 33.10. Immediate support is INR 36.03 and resistance sits at INR 39.00, then the year high INR 46.84.
Meyka AI grade and forecasts for SOUTHBANK.NS stock
Meyka AI rates SOUTHBANK.NS with a score out of 100: 71.86 | Grade B+ | Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Meyka AI’s forecast model projects monthly INR 43.73, quarterly INR 44.36, and yearly INR 42.31. Versus the current price INR 37.86, the monthly target implies an upside of 15.49%. Forecasts are model‑based projections and not guarantees.
Risks, catalysts and a short intraday trading idea
Key risks include low interest coverage of 0.40, debt to equity 0.56, and volatility after heavy volume. Upcoming earnings are scheduled for 13 May 2026, a potential catalyst. For intraday traders, a plan: watch INR 36.03 as stop for shorts and INR 39.00 for a breakout long, size positions to limit risk.
Final Thoughts
SOUTHBANK.NS stock is the most active name on the NSE today after a 14.79% intraday decline to INR 37.86 on heavy volume. Valuation appears reasonable with a PE of 8.34, PB 1.05, and book value INR 42.12, which supports the case for medium‑term recovery. Meyka AI’s forecast model lists a near‑term target of INR 43.73, implying 15.49% upside versus the current price. Traders should monitor intraday support at INR 36.03 and resistance at INR 39.00, and factor in the bank’s interest coverage and debt metrics. Use tight stops for intraday trades and treat forecasts as model projections, not guarantees. For a deeper view, see company filings and the NSE quote, and use Meyka AI as an AI‑powered market analysis platform to track live updates
FAQs
What caused the SOUTHBANK.NS stock drop today?
The intraday drop to INR 37.86 was primarily profit booking and heavy selling after recent gains. Volume of 119,544,314 shares was near four times average, amplifying the decline in an otherwise quiet news day.
Is SOUTHBANK.NS stock cheap by valuation?
Yes. At PE 8.34 and PB 1.05, SOUTHBANK.NS trades below sector averages. Book value per share is INR 42.12, which provides a near‑term valuation cushion.
What price targets does Meyka AI give for SOUTHBANK.NS stock?
Meyka AI projects monthly INR 43.73, quarterly INR 44.36, and yearly INR 42.31. The monthly target implies roughly 15.49% upside from INR 37.86. Forecasts are model outputs and not guarantees.
Which levels should intraday traders watch for SOUTHBANK.NS stock?
Monitor support at INR 36.03 and immediate resistance at INR 39.00. Use tight stops below support and reduce size given today’s elevated volume and volatility.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
