Indian Overseas Bank is currently trading at Rs. 26.80, up by 0.35 points or 1.32% from its previous closing of Rs. 26.45 on the BSE.
The scrip opened at Rs. 26.95 and has touched a high and low of Rs. 26.95 and Rs. 26.65 respectively. So far 71629 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.65 on 28-Apr-2016 and a 52 week low of Rs. 21.10 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 27.80 and Rs. 26.35 respectively. The current market cap of the company is Rs. 6541.85 crore.
The promoters holding in the company stood at 79.56%, while Institutions and Non-Institutions held 13.72% and 6.72% respectively.
Indian Overseas Bank (IOB) will receive a capital infusion of Rs 1,100 crore from the Centre. The Finance Ministry has planned to support weak and loss-making public sector banks with a Rs 8,586 crore turnaround-linked capital-infusion plan.
The Bank reported a net loss of Rs 554.44 crore for the quarter under review as compared to a net loss of Rs 1425.06 crore for the same quarter in the previous year. Total income of the Bank decreased 13.13% at Rs 5599.50 crore for Q3FY17 as compared to Rs 6445.78 crore for the corresponding quarter previous year.
