Sanjiv Bhasin Special Pick on Zee Business: South India Bank share price hits upper circuit - BUY call - check price target

Sanjiv Bhasin Special Pick On Zee Business: Sanjiv Bhasin on Thursday recommended a special stock to Zee Business viewers in a special edition aired on the channel with Managing Editor Anil Singhvi. The stock, he said, could yield a 100 per cent return from the current level, resulting in wealth gain for the investors.

Bhasin recommended South Indian Bank share for long-term investment. The market veteran said that the m-cap of South Indian Bank is Rs 1800 crore. He said that its biggest deposit comes from NRIs, adding that the bank's business is not just limited to South India. He said that 26% of the business is outside southern states. He said that the bank's mobile banking business has reported 1000% growth. Also, the NPAs of the bank is at the lowest.

South Indian Bank share price hit the upper circuit on NSE on Thursday as it gained 20 per cent in the opening session. 

Bhasin said, he believes, that the fair value of South Indian Bank should Rs 14-15. He added that South Indian Bank share price could jump to Rs 25 apiece in a year.

Sanjiv Bhasin Call On Zee Business

South Indian Bank Share Price Target By Sanjiv Bhasin - Rs 25 (1 Year)

South Indian Bank share price has yielded a stellar return of 26 per cent in last 1 month.