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INDIAN OVERSEAS BANK Surges by 7%; BSE BANKEX Index Up 0.1%

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INDIAN OVERSEAS BANK Surges by 7%; BSE BANKEX Index Up 0.1%
Wed, 10 Jul 09:20 AM

INDIAN OVERSEAS BANK share price has zoomed 7% and is presently trading at Rs 13.

Meanwhile, the BSE BANKEX Index is at 34,447 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN OVERSEAS BANK (up 6.5%).

ICICI BANK (down 0.2%) and KOTAK MAHINDRA BANK (down 0.8%) are among the top losers today.

Over the last one year, INDIAN OVERSEAS BANK has moved down from Rs 14 to Rs 13, registering a loss of Rs 1 (down 7.3%).

On the other hand, the BSE BANKEX has moved up from 29,659 to 34,447, registering a gain of 4,788 points (up 16.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 57.8%), AXIS BANK (up 51.1%) and SBI (up 37.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,703 (down 0.2%).

The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 1.2%), INDUSIND BANK (up 1.1%) and POWER GRID (up 0.9%). Other gainers include YES BANK (up 0.7%) and ITC (up 0.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and BAJAJ AUTO.

In the meantime, NSE Nifty is at 11,576 (up 0.2%). COAL INDIA (up 1.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,935 to 38,703, registering a gain of 2,768 points (up 7.5%).

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 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 3.2x.

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Stock Market Updates

CENTRAL BANK Surges by 5%; BSE BANKEX Index Up 0.7% (Today's Market)

Aug 19, 2019 09:30 AM

CENTRAL BANK share price has surged by 5% and its current market price is Rs 20. The BSE BANKEX is up by 0.7%. The top gainers in the BSE BANKEX Index is CENTRAL BANK (up 5.3%). The top losers [TOPLOSERS].

FORCE MOTORS Surges by 11%; BSE AUTO Index Up 0.2% (Today's Market)

Aug 19, 2019 09:26 AM

FORCE MOTORS share price has surged by 11% and its current market price is Rs 1,257. The BSE AUTO is up by 0.2%. The top gainers in the BSE AUTO Index is FORCE MOTORS (up 10.6%). The top losers are CUMMINS INDIA and TATA MOTORS (down 0.2%).

PRESTIGE ESTATES Surges by 6%; BSE REALTY Index Up 1.2% (Today's Market)

Aug 19, 2019 09:24 AM

PRESTIGE ESTATES share price has surged by 6% and its current market price is Rs 298. The BSE REALTY is up by 1.2%. The top gainers in the BSE REALTY Index is PRESTIGE ESTATES (up 5.6%). The top losers are PHOENIX MILL (down 1.2%) and MAHINDRA LIFESPACE (down 1.9%).

BATA INDIA at All Time High; BSE FMCG Index Up 0.3% (Today's Market)

Aug 19, 2019 09:22 AM

BATA INDIA share price has hit an all time high at Rs 1,492 (up 0.9%). The BSE FMCG Index is up by 0.3%. Among the top gainers in the BSE FMCG Index today are BATA INDIA (up 0.9%) and NESTLE (up 0.9%). The top losers include ITC and GSK CONSUMER (down 0.1%).

VA TECH WABAG Surges by 7%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

Aug 19, 2019 09:20 AM

VA TECH WABAG share price has surged by 7% and its current market price is Rs 295. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index are VA TECH WABAG (up 7.1%) and NBCC (INDIA) LTD (up 5.4%). The top losers are LAKSHMI MACHINE (down 0.2%) and SKF INDIA (down 0.3%).

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