South Indian Bank, the private sector lender, witnessed a rise in share price on Wednesday as the bank will be announcing its first quarter earnings today.
In the previous quarter, the bank disclosed a substantial drop in standalone net profit. For the quarter ended March 2015, the profit of the bank declined 86.90% to Rs 163.20 million from Rs 1,246 million in the same quarter previous year.
Interest earned for the fourth quarter rose marginally 3.23% to Rs 14,443.70 million, compared with Rs 13,992 million for the prior year period.
Shares of South Indian Bank are trading at Rs 25.55, up Rs 0.75, or 3.02% at the Bombay Stock Exchange (BSE) on Wednesday at 12:35 p.m.
The scrip has touched an intra-day high of Rs 25.75 and low of Rs 24.95. The total volume of shares traded at the BSE is 653,293.