Indian Overseas Bank gains for third consecutive session

Indian Overseas Bank is quoting at Rs 27.5, up 1.1% on the day as on 12:49 IST on the NSE. The stock is up 35.47% in last one year as compared to a 2.64% jump in NIFTY and a 33.27% jump in the Nifty Pharma index.

Indian Overseas Bank rose for a third straight session today. The stock is quoting at Rs 27.5, up 1.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 17833.8. The Sensex is at 60603.95, down 0.33%. Indian Overseas Bank has dropped around 8.64% in last one month.

Meanwhile, Nifty Pharma index of which Indian Overseas Bank is a constituent, has dropped around 6.76% in last one month and is currently quoting at 3903.55, up 1.18% on the day. The volume in the stock stood at 322.3 lakh shares today, compared to the daily average of 359.82 lakh shares in last one month.

The PE of the stock is 26.88 based on TTM earnings ending September 22.

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