CMP: 20


South India Bank Limited operates a network of banks in India. The Group's banks provide a full range of banking, investment management, treasury, and lending services.

Last quarter, banking sector outperformed and the same is expected to continue in the near term. South Indian bank is a decent bet in mid-cap space. Its a good buy considering that most are in a dilemma whether correction is over or not. With P/E of 9 and consistent earnings growth, its a good investor stock to buy with realistic investor returns of 30 - 40 % a year.