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Indian Overseas Bank soars 2.07%

05-Dec-23 13:05 Hrs IST

Indian Overseas Bank is up for a third straight session in a row. The stock is quoting at Rs 41.95, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 20800.85. The Sensex is at 69214.22, up 0.51%. Indian Overseas Bank has risen around 5.53% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has risen around 7.69% in last one month and is currently quoting at 5332.4, up 0.98% on the day. The volume in the stock stood at 523.7 lakh shares today, compared to the daily average of 164.78 lakh shares in last one month.

The PE of the stock is 33.4 based on TTM earnings ending September 23.

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