Indian Overseas Bank is currently trading at Rs. 76.90, up by 1.25 points or 1.65% from its previous closing of Rs. 75.65 on the BSE.
The scrip opened at Rs. 76.50 and has touched a high and low of Rs. 77.15 and Rs. 76.25 respectively. So far 33672 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. 78.50 and Rs. 74.50 respectively. The current market cap of the company is Rs. 6124.93 crore.
The promoters holding in the company stood at 69.62% while Institutions and Non-Institutions held 17.05% and 13.33% respectively.
Indian Overseas Bank (IOB) is looking for a loan growth of about 18% in the current fiscal. On the other hand, for the current fiscal the Reserve Bank of India (RBI) has projected 16% growth for the banking sector.
The bank has reported 7.60% rise in its net profit at Rs 116.50 crore for third quarter ended December 31, 2012 as compared to Rs 108.27 crore for the same quarter in the previous year. Total income of the bank has increased by 16.58% at Rs 5846.98 crore for quarter under review as compared to Rs 5015.33 crore for the quarter ended December 31, 2011.
The bank’s gross NPA for the December 31, 2012 quarter of the current fiscal stood at 4.13%, lower as compared to 3.00% in the same quarter of the previous year. Besides, bank’s Net NPA remained lower at 2.33% in the quarter under review as against 1.23% in Q3FY12.
Company Name | CMP |
---|---|
SBI | 820.95 |
Bank Of Baroda | 246.50 |
Canara Bank | 101.10 |
PNB | 101.40 |
Union Bank Of India | 119.20 |
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