INDIAN OVERSEAS BANK Plunges by 5%; BSE BANKEX Index Down 0.3%
May 13, 2019 01:44 PM

INDIAN OVERSEAS BANK share price has plunged 5% and is presently trading at Rs 13.

Meanwhile, the BSE BANKEX Index is at 32,467 (down 0.3%).

Among the top losers in the BSE BANKEX Index today are INDIAN OVERSEAS BANK (down 5.4%) and BANK OF BARODA (down 5.1%).

FEDERAL BANK (up 1.0%) and AXIS BANK (up 0.5%) are among the top gainers today.

Over the last one year, INDIAN OVERSEAS BANK has moved down from Rs 18 to Rs 13, registering a loss of Rs 5 (down 25.7%)..

The BSE BANKEX has moved up from 29,358 to 32,467, registering a gain of 3,109 points (up 10.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 34.6%), SBI (up 24.6%) and ICICI BANK (up 24.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,584 (down 0.1%). The top gainers among the BSE Sensex stocks today are HDFC (up 1.9%). The most traded stocks in the BSE Sensex are SBI and AXIS BANK.

In the meantime, NSE Nifty is at 11,300 (down 0.2%). HDFC (up 2.1%) and BHARTI INFRATEL (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 6.2%).

INDIAN OVERSEAS BANK Financial Update...

INDIAN OVERSEAS BANK net profit down at Rs 20 billion for the quarter ended March 2019, compared to a loss of Rs 3 billion a year ago. Operating income rose 0.3% to Rs 45.6 billion during the period as against Rs 45.4 billion in January-March 2018.

For the year ended March 2018, INDIAN OVERSEAS BANK reported 7.9% decrease in net profit to Rs 63.0 billion compared to net profit of Rs 68.4 billion during FY17.

Revenue of the company grew 9.1% to Rs 179 billion during FY18.

The current Price to earnings ratio of INDIAN OVERSEAS BANK, based on rolling 12 month earnings, stands at down 1.6x.