Kerala-based private lender South Indian Bank shares plunged over 8% intraday on Monday after the company posted tepid Q3 earnings. The bank posted 27% fall in net profit at Rs 83.85 cr for the Q3 ended Dec 31, 2018 as against a net profit of Rs. 114 cr that reported a year ago period. ON the other hand, total income of the bank progressed to Rs 1921.93 cr during the quarter under review, to Rs 1,735.77 cr, year on year basis.

On both the NSE and BSE, share price of South Indian Bank Ltd is trading lower on equal velocity, down 8.05 percent at Rs. 14.30 per share around 2.55 pm, Monday, reacting the results. The stock’s last closing price quoted was Rs. 15.55 and today it has touched a high and low of Rs14.80 and Rs 14.25, respectively on the NSE, whose benchmark Nifty stayed higher at 65 points and Sensex up by 257 points.