Indian Overseas Bank Share Price (IOB)
₹63.25
Indian Overseas Bank share Performance
- ₹63.1₹64.2₹63.25
0.24%
Low
Day's Volatility:1.74%
High
1.50%
- ₹23.3₹83.75₹63.25
63.16%
Low
52 Weeks Volatility:95.57%
High
32.41%
| Returns % | |
| 1 Month Return | 8.48 % |
| 3 Month Return | 37.57 % |
| 1 Year Return | 161.78 % |
| Market Stats | |
| Previous Close | ₹63.35 |
| Open | ₹63.50 |
| Volume | 67.39L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,19,746.78Cr |
Company Information
IOB offers a wide range of banking services such as deposits, loans, credit cards, insurance, mutual funds, foreign exchange, and more. It is a full-service bank with a focus on retail and corporate banking services. Its core lines of business include retail banking, corporate banking, NRI banking, agri-business banking, and SME banking.
The bank's top products include savings accounts, current accounts, fixed deposits, recurring deposits, home loans, personal loans, car loans, gold loans, credit cards, and more. Popular IOB brands include IOB-Udaan, IOB-Wealth, IOB-Ease, IOB-Secure, and IOB-Gyan.
IOB has over 3,400 branches and 4,000 ATMs across India. It also has a presence in 19 countries, including the United States, the United Kingdom, Singapore, Hong Kong, and the United Arab Emirates.
Share Price: ₹63.25 per share as on 24 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,19,746.78Cr as of today
Revenue: ₹7,442.65Cr as on December 2023 (Q4 23)
Net Profit: ₹724.13Cr as on December 2023 (Q4 23)
Listing date: 13 Dec, 2000
| Organisation | Indian Overseas Bank |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for Indian Overseas Bank
Indian Overseas Bank Plans to Raise Funds - 23 Apr, 2024
Indian Overseas Bank has announced plans to raise funds by collecting up to Rs 1,000 crore via debt and Rs 5,000 crore through equity. Additionally, the bank faced an issue where it accidentally transferred ₹1.88 lakh to a wrong account but managed to retrieve most of it.
Indian Overseas Bank Plans Fundraise of Up to Rs 6000 Crore - 22 Apr, 2024
Indian Overseas Bank plans to raise up to Rs 6000 crore through debt and equity instruments, including a follow-on public offer, rights issue, QIP, and preferential issue. The bank also plans to open 88 new branches this year.
Indian Overseas Bank Considers Fundraising Plan and Launches Online Donation Facility - 18 Apr, 2024
Indian Overseas Bank's board will meet to discuss fundraising plans for FY 2024-25. The bank has also launched an online donation facility for Shree Kashi Vishwanath Mandir Trust.
Indian Overseas Bank Plans to Raise Capital for FY 2024-25 - 16 Apr, 2024
The Board of Indian Overseas Bank will meet on April 22, 2024, to approve the capital raising plan for FY 2024-25 through various modes including FPO/Rights issue/QIP/Preferential issue or any other mode or combination thereof and/or through issue of BASEL III compliant Tier II Bonds.
Indian Overseas Bank Delivers Multibagger Returns - 06 Apr, 2024
Indian Overseas Bank has delivered multibagger returns of 124.02% in the last year and positive returns of nearly 28.7% in the last six months. The bank's revenue from operations grew by nearly 22.2% YoY, accompanied by an increase in net profit of 30.5% YoY. Life Insurance Corporation of India holds a 1.21% equity stake in the bank.
Indian Overseas Bank Receives Demand Notice for Rs 620 Crore - 04 Apr, 2024
The Income Tax Department has issued a demand notice of Rs 620 crore to Indian Overseas Bank for the assessment year 2022-23 on account of certain additions and disallowances. The bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre.
Income Tax Demand Impacts Indian Overseas Bank Stock - 01 Apr, 2024
Indian Overseas Bank's stock rose by 8% on April 1st due to a favorable credit environment but fell after receiving a notice of demand from the Income Tax Department for Rs 620.07 crore.
Fundamentals of Indian Overseas Bank
Insights on Indian Overseas Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 3 quarters, 6.23K Cr → 7.44K Cr (in ₹), with an average increase of 8.5% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.03% to 0.05% in Mar 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, IOB has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Price Rise
In the last 3 months, IOB stock has moved up by 37.6%
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, IOB has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 504.03 Cr → 724.13 Cr (in ₹), with an average increase of 16.5% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 96.38% of holdings in Mar 2024 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 2.30% to 2.28% in Mar 2024 quarter
Indian Overseas Bank Valuation
Indian Overseas Bank in the last 5 years
Lowest (17.06x)
June 20, 2022
Industry (20.79x)
April 23, 2024
Today (47.63x)
April 23, 2024
Highest (59.89x)
February 7, 2024
Mutual Fund Holdings
| Funds | Holdings |
 Nippon India Nifty Smallcap 250 Index Fund Dir Gr | 0.31% |
 SBI Nifty Smallcap 250 Index Fund Direct Growth | 0.31% |
 Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth | 0.31% |
 ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth | 0.31% |
 HDFC Nifty Smallcap 250 Index Fund Direct Growth | 0.31% |
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 96.38% | 0.00 | |
| Foreign Institutions | 0.05% | 0.00 | |
| Mutual Funds | 0.06% | 0.00 | |
| Retail Investors | 2.28% | 0.00 | |
| Others | 1.23% | 0.00 |
Technicals of Indian Overseas Bank share
News & Events of Indian Overseas Bank
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Indian Overseas Bank (IOB) share price today is ₹63.25
Indian Overseas Bank is listed on NSE
Indian Overseas Bank is listed on BSE
- Today’s highest price of Indian Overseas Bank is ₹64.2.
- Today’s lowest price of Indian Overseas Bank is ₹63.1.
PE Ratio of Indian Overseas Bank is 47.63
PE ratio = Indian Overseas Bank Market price per share / Indian Overseas Bank Earnings per share
Today’s traded volume of Indian Overseas Bank(IOB) is 67.39L.
Today’s market capitalisation of Indian Overseas Bank(IOB) is ₹119746.78Cr.
| Indian Overseas Bank(IOB | Price |
|---|---|
52 Week High | ₹83.75 |
52 Week Low | ₹23.3 |
Indian Overseas Bank(IOB) share price is ₹63.25. It is down -24.48% from its 52 Week High price of ₹83.75
Indian Overseas Bank(IOB) share price is ₹63.25. It is up 171.46% from its 52 Week Low price of ₹23.3
| Indian Overseas Bank(IOB | Returns |
|---|---|
1 Day Returns | -0.1% |
1 Month Returns | 8.48% |
3 Month Returns | 37.57% |
1 Year Returns | 161.78% |