South Indian Bank Shares Plummet 14 Percent

• South Indian Bank shares fell 14%.
• Stock dropped to Rs 38 on NSE.
• Selling pressure due to earnings concerns.

Mumbai: Shares of South Indian Bank Ltd saw a steep fall on Thursday, January 30, sliding nearly 14 percent in early trade. The stock dropped to around Rs 38 on the NSE from the previous close of Rs 44.26,

wiping out a large part of recent gains.

The sharp fall came as heavy selling pressure emerged in the stock, with investors booking profits and reacting to concerns around earnings growth and future outlook.