South Indian Bank

Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today — PNB Gilts, ZEEL, South Indian Bank

Sumeet Bagadia has recommended three stocks to buy on Monday, February 15. The three stock picks by Bagadia are - Aditya Birla Fashion and Retail, IFCI, and South Indian Bank.

South Indian Bank shares dropped nearly 19% to ₹ 36 after CEO PR Seshadri announced he won't seek reappointment. Following the decline, the stock's January performance turned negative, erasing early gains.

South Indian Bank shares rose 6.4% to an all-time high of ₹ 45.20 after reporting a record quarterly net profit of ₹ 374.32 crore for Q3FY26, a 9.5% increase year-on-year. Retail deposits grew by 13%, while gross NPAs declined to 2.67%.

South Indian Bank shares have rebounded 80% since April 2025, reaching an all-time high of ₹ 41.65, positioning for a fourth consecutive annual gain. For the quarter ending in September, the bank reported its highest-ever quarterly net profit of ₹ 351 crore.

SIB has launched SIB Power CONSOL, a new loan product aimed at simplifying debt management through lower interest rates and single EMI payments. It targets individuals aged 30-55, offering consolidation loans from ₹ 10 lakh to ₹ 3 crore with minimal documentation and zero processing fees.

The Indian stock market shows cautious optimism as it enters Samvat 2082, influenced by economic fundamentals. Despite stagnation, small- and mid-cap stocks have shown growth. Key technical picks include Nestle, South Indian Bank, and Canara Bank, signaling potential bullish trends.

South Indian Bank shares surged 19.32% to a record high of ₹ 38.40, the largest increase in two years. The rise follows an 8% yearly net profit gain for Q2. Despite lower net interest income, a boost in non-interest income and reduced provisions supported the profit growth.