Indian Overseas Bank is currently trading at Rs. 21.50, up by 0.70 points or 3.37% from its previous closing of Rs. 20.80 on the BSE.
The scrip opened at Rs. 21.15 and has touched a high and low of Rs. 21.80 and Rs. 21.00 respectively. So far 1147639 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 29.00 on 30-Jun-2021 and a 52 week low of Rs. 10.94 on 15-Feb-2021.
Last one week high and low of the scrip stood at Rs. 21.90 and Rs. 19.85 respectively. The current market cap of the company is Rs. 40734.70 crore. Indian Overseas Bank
The promoters holding in the company stood at 96.38%, while Institutions and Non-Institutions held 1.38% and 2.24% respectively.
Indian Overseas Bank has reported above 2- fold jump in its net profit at Rs 454.11 crore for third quarter ended December 31, 2021 as compared to Rs 212.87 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.96% at Rs 5,383.62 crore for Q3FY22 as compared Rs 5,786.54 crore for the corresponding quarter previous year.
The bank’s gross Non Performing Asset (NPA) for the October- December quarter of the current fiscal improved to 10.40%, as compared to 12.19% in the same quarter of the previous year. Besides, bank’s net NPA stood at 0.62% in Q3FY22.