INDIAN OVERSEAS BANK share price has zoomed 7% and is presently trading at Rs 25.
Meanwhile, the BSE BANKEX Index is at 39,846 (up 1.0%).
Among the top Gainers in the BSE BANKEX Index today is INDIAN OVERSEAS BANK (up 6.7%).
KOTAK MAHINDRA BANK (down 0.6%) is among the top loser today.
Over the last one year, INDIAN OVERSEAS BANK has moved up from Rs 11 to Rs 25, registering a gain of Rs 14 (up 127.2%).
On the other hand, the BSE BANKEX has moved up from 25,329 to 39,846, registering a gain of 14,517 points (up 57.2%) during the last 12 months.
The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 121.1%), INDUSIND BANK (up 94.4%) and ICICI BANK (up 71.4%).
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The BSE Sensex is at 52,899 (up 0.1%).
The top gainers among the BSE Sensex stocks today are TATA STEEL (up 4.2%), SBI (up 2.0%) and AXIS BANK (up 1.8%). Other gainers include ICICI BANK (up 1.7%) and SUN PHARMA (up 1.6%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.
In the meantime, NSE Nifty is at 15,844 (up 0.2%). The top gainers in the NSE Nifty include TATA STEEL (up 3.9%), JSW STEEL (up 2.8%) and HINDALCO (up 2.5%). Other gainers include SBI (up 2.0%) and AXIS BANK (up 1.8%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 35,430 to 52,899, registering a gain of 17,469 points (up 48.90%).
INDIAN OVERSEAS BANK net profit stood at Rs 3 billion for the quarter ended March 2021, compared to a profit of Rs 2 billion a year ago. Operating income declined 4.4% to Rs 40.6 billion during the period as against Rs 42.4 billion in January-March 2020.
For the year ended March 2020, INDIAN OVERSEAS BANK reported 128.1% increase in net profit to Rs 85.3 billion compared to net profit of Rs 37.4 billion during FY19.
Revenue of the company grew 1.3% to Rs 174 billion during FY20.
The current Price to earnings ratio of INDIAN OVERSEAS BANK, based on rolling 12 month earnings, stands at 48.7x.
What else is happening in the markets today? Dig in...
Share markets in India are presently trading marginally higher. The BSE Sensex is trading up by 147 points, up 0.3% at 52,846 levels.
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