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Indian Overseas Bank surges on plan to raise funds up to Rs 800 crore

10 Dec 2012 Evaluate

Indian Overseas Bank is currently trading at Rs. 85.35, up by 1.35 points or 1.61% from its previous closing of Rs. 84.00 on the BSE.

The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 85.80 and Rs. 84.50 respectively. So far 150092 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 22-Feb-2012 and a 52 week low of Rs. 66.20 on 06-Sep-2012.

Last one week high and low of the scrip stood at Rs. 85.80 and Rs. 78.00 respectively. The current market cap of the company is Rs. 6830.27 crore.

The promoters holding in the company stood at 69.62% while Institutions and Non-Institutions held 17.01% and 13.37% respectively.

Indian Overseas Bank has received an approval to raise funds up to Rs 800 crore by way of Tier 1 perpetual bonds in one or more tranches. The board at its meeting held on December 08, 2012 has approved for the same.

The bank has reported a fall of 23.63% in its net profit at Rs 158.43 crore for the quarter ended September 30, 2012 as compared to Rs 207.46 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.36% to Rs 5515.04 crore for quarter under review as compared to Rs 4822.56 crore for the quarter ended September 30, 2011.

 

Indian Overseas Bank Share Price

34.97 0.03 (0.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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