South Indian Bank, the private sector lender witnessed a fall in share price on Tuesday after the bank reported a fall of 39.80% in second quarter profit. The bank reported a profit of Rs 763 million for the quarter ended Sept. 30, 2014, compared with Rs 1,268 million, a year ago.
Quarterly income totalled at Rs 14.06 billion, an increase of 7.59% over Rs 13.07 billion in the same period a year ago.
Shares of the bank are trading at Rs 25.35, down Rs 1.05, or 3.98% at the Bombay Stock Exchange (BSE) on Tuesday at 2:59 p.m.
The scrip has touched an intra-day high of Rs 26.80 and low of Rs 25.10. The total volume of shares traded at the BSE is 597,521.