New Delhi, Oct. 20 -- Amid renewed buying interest, South Indian Bank shares rose sharply in Monday's intraday session, surging 19.32%, marking their biggest single-day rise in 37 months, to hit a fresh all-time high of Rs.38.40 apiece on the back of a sharp surge in volumes.

In today's trade, a total of 238 million shares changed hands on both the NSE and BSE as of 1:30 p.m., marking a substantial 8-fold rise from the stock's average weekly volume of 29 million shares.

The rally came after the stock had remained muted following the release of the bank's September quarter results. Today's surge has also lifted the stock's total gains to 34%, its largest jump since October 2022.

The private sector lender last week reported its highest e...