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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

Wed, 20 Nov 10:20 AM

INDIAN OVERSEAS BANK share price has zoomed 5% and is presently trading at Rs 11.

Meanwhile, the BSE BANKEX Index is at 35,503 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN OVERSEAS BANK (up 5.3%).

CITY UNION BANK (down 0.1%) and SBI (down 0.1%) are among the top losers today.

Over the last one year, INDIAN OVERSEAS BANK has moved down from Rs 15 to Rs 11, registering a loss of Rs 4 (down 25.2%).

On the other hand, the BSE BANKEX has moved up from 29,603 to 35,503, registering a gain of 5,900 points (up 19.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 37.3%), ICICI BANK (up 36.6%) and CITY UNION BANK (up 29.4%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 40,754 (up 0.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.9%), RELIANCE IND. (up 3.7%) and L&T (up 1.9%). Other gainers include SUN PHARMA (up 1.7%) and VEDANTA LTD (up 1.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and VEDANTA LTD.

In the meantime, NSE Nifty is at 12,016 (up 0.6%). INDUSIND BANK (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,754, registering a gain of 4,979 points (up 13.9%).

INDIAN OVERSEAS BANK Financial Update...

INDIAN OVERSEAS BANK net profit down at Rs 23 billion for the quarter ended September 2019, compared to a loss of Rs 3 billion a year ago. Operating income declined 5.9% to Rs 42.8 billion during the period as against Rs 45.4 billion in July-September 2018.

For the year ended March 2019, INDIAN OVERSEAS BANK reported 40.7% decrease in net profit to Rs 37.4 billion compared to net profit of Rs 63.0 billion during FY18.

Revenue of the company grew 1.6% to Rs 176 billion during FY19.

The current Price to earnings ratio of INDIAN OVERSEAS BANK, based on rolling 12 month earnings, stands at down 2.1x.

What else is happening in the markets today? Dig in...

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