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    • Indian Overseas Bank Share Price

    Large Cap
    ₹58.21
    -1.24 (-2.09%)
    18 September, 2024 02:37 BSE: 532388 NSE: IOB ISIN: INE565A01014

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    Indian Overseas Bank Performance

    Day Range

    • Low 58
    • High 60
    ₹ 58

    52 Week Range

    • Low 37
    • High 84
    ₹ 58
    • Open Price59
    • Previous Close59
    • Volume4374501

    Indian Overseas Bank Chart

    • Over 1 Month -4.4%
    • Over 3 Month -13.39%
    • Over 6 Month -3.14%
    • Over 1 Year + 47.37%

    Indian Overseas Bank Key Statistics

    P/E Ratio 39.2
    PEG Ratio 1.5
    Market Cap Cr
    Price to Book Ratio 4.4
    EPS 1.4
    Dividend 0
    Relative Strength Index 39.42
    Money Flow Index 45.01
    MACD Signal -1.19
    Average True Range 1.62

    Indian Overseas Bank Investment Rating

    • Master Rating:

    • Indian Overseas Bank has an operating revenue of Rs. 31,084.30 Cr. on a trailing 12-month basis. An annual revenue growth of 26% is outstanding, Pre-tax margin of 12% is healthy, ROE of 10% is good. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 29% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 94 which is a GREAT score indicating consistency in earnings, a RS Rating of 31 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 158 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Indian Overseas Bank Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 6,5356,6296,1765,8215,4245,192
    Operating Expenses Qtr Cr 1,7983,2791,8791,7831,7811,824
    Operating Profit Qtr Cr 1,6761,9611,7801,6771,3451,882
    Depreciation Qtr Cr 000000
    Interest Qtr Cr 4,0943,8663,7783,4753,1022,916
    Tax Qtr Cr 10538535687236
    Net Profit Qtr Cr 633808723625500650
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 29,70623,509
    Operating Expenses Annual Cr 8,7226,421
    Operating Profit Annual in Cr 6,7645,942
    Depreciation Cr 0260
    Interest Annual Cr 14,22011,145
    Tax Annual Cr 757249
    Net Profit Annual Cr 2,6562,099
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr -1,165-15,619
    Cash from Investing Activity Annual Cr -359-559
    Cash from Financing Annual Activity Cr -52813
    Net Cash Flow Annual Cr -2,052-16,166
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 27,94225,263
    Fixed Assets Annual Cr 3,7403,710
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 214,969215,865
    Total Assets Annual Cr 352,034313,746
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 1513
    ROE Annual % 118
    ROCE Annual % 66
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 6,5396,6346,1805,8255,4275,195
    Operating Expenses Qtr Cr 1,8003,2811,8811,7851,7831,827
    Operating Profit Qtr Cr 1,6921,9641,7821,6801,3491,887
    Depreciation Qtr Cr 000000
    Interest Qtr Cr 4,0963,8683,7803,4773,1022,917
    Tax Qtr Cr 10538635687236
    Net Profit Qtr Cr 649810724627504656
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 29,73123,523
    Operating Expenses Annual Cr 8,7316,430
    Operating Profit Annual in Cr 6,7745,947
    Depreciation Cr 336260
    Interest Annual Cr 14,22711,146
    Tax Annual Cr 757249
    Net Profit Annual Cr 2,6662,104
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr -1,119-15,584
    Cash from Investing Activity Annual Cr -359-560
    Cash from Financing Annual Activity Cr -52813
    Net Cash Flow Annual Cr -2,006-16,130
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 27,56124,876
    Fixed Assets Annual Cr 3,7403,711
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 248,935216,097
    Total Assets Annual Cr 351,869313,450
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 1513
    ROE Annual % 118
    ROCE Annual % 66
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
    Invest in Indian Overseas Bank

    Indian Overseas Bank Technicals

    EMA & SMA

    Current Price
    ₹58.21
    -1.24 (-2.09%)
    pointer
    • Bullish Moving Average
    • ___
    • 1
    • Bearish Moving Average
    • ___
    • 15
    • 20 Day
    • ₹59.67
    • 50 Day
    • ₹61.52
    • 100 Day
    • ₹61.84
    • 200 Day
    • ₹57.78
    • 20 Day
    • ₹59.89
    • 50 Day
    • ₹62.36
    • 100 Day
    • ₹64.03
    • 200 Day
    • ₹59.58

    Indian Overseas Bank Resistance and Support

    PIVOT
    ₹58.59
    Resistance
    First Resistance 59.12
    Second Resistance 60.04
    Third Resistance 60.57
    RSI 39.42
    MFI 45.01
    MACD Single Line -1.19
    MACD -1.14
    Support
    First Support 57.67
    Second Support 57.14
    Third Supoort 56.22

    Indian Overseas Bank Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 4,629,818 168,803,164 36.46
    Week 7,467,578 198,936,283 26.64
    1 Month 6,380,437 200,856,160 31.48
    6 Month 18,869,645 514,386,524 27.26

    Indian Overseas Bank Result Highlights

    Indian Overseas Bank Synopsis

    NSE-Banks-Money Center

    Indian Overseas Bank is a Public Limited Listed company incorporated on 10/02/1937 and registered in the State of Tamilnadu, India. Company presently involved in the business activities of Banking Business.
    Market Cap 112,375
    Sales 31,047
    Shares in Float 75.61
    No of funds 43
    Yield
    Book Value 4.46
    U/D Vol ratio 1.5
    LTDebt / Equity 109
    Alpha -0.12
    Beta 2.2

    Indian Overseas Bank Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 96.38%96.38%96.38%96.38%
    Mutual Funds 0.07%0.06%0.06%0.09%
    Insurance Companies 1.23%1.23%1.23%0.02%
    Foreign Portfolio Investors 0.05%0.05%0.03%0.15%
    Financial Institutions/ Banks 1.21%
    Individual Investors 1.9%1.9%1.85%1.71%
    Others 0.37%0.38%0.45%0.44%

    Indian Overseas Bank Management

    Name Designation
    Mr. Srinivasan Sridhar Non Executive Chairman
    Mr. Ajay Kumar Srivastava Managing Director & CEO
    Mr. Suresh Kumar Rungta Part Time Non Official Director
    Mr. B Chandra Reddy Part Time Non Official Director
    Mr. Deepak Sharma Part Time Non Official Director
    Mr. Joydeep Dutta Roy Executive Director
    Mr. T Dhanaraj Executive Director
    Mr. Sanjaya Rastogi Shareholder Director
    Mr. Kartikeya Misra Government Nominee Director
    Mrs. Sonali Sen Gupta Nominee Director

    Indian Overseas Bank Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Indian Overseas Bank Corporate Action

    Date Purpose Remarks
    2024-07-22 Quarterly Results
    2024-05-09 Audited Results
    2024-04-22 Others Inter alia, to consider : The Capital Raising Plan of the Bank for FY 2024-25 through Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement (QIP)/Preferential issue. alia consider the fixation of Price of per equity share to be issued to GOI on Preferential Basis for an amount aggregating Rs.4360crore.
    2024-01-24 Quarterly Results
    2023-10-27 Quarterly Results

    Indian Overseas Bank MF Shareholding

    Name Amount(cr)
    Motilal Oswal Nifty 500 Fund Regular Growth 2,019
    Nippon India Nifty Smallcap 250 Index Fund Reg Gr 1,790
    SBI Nifty Smallcap 250 Index Fund Regular Growth 1,087

    About Indian Overseas Bank

    Established in 1937, Indian Overseas Bank (IOB) is a leading public sector bank with a rich legacy of serving the Indian diaspora and domestic markets. They offer a comprehensive suite of banking products and financial services for individuals, small and medium enterprises (SMEs), and large corporations.

    A Global Presence: IOB boasts a strong international presence with branches across Southeast Asia, the Middle East, and other regions. This global network facilitates trade finance, remittances, and caters to the banking needs of the Indian community abroad.

    Financial Performance and Growth: IOB has witnessed significant growth in recent years, expanding its branch network and customer base. They are actively involved in promoting financial inclusion, offering tailored products and services for underbanked sections of the population. 

    Key Strengths and Initiatives - IOB

    ●    Focus on Technology: IOB prioritizes continuous technology adoption to enhance customer experience. They offer a range of digital banking services, including mobile banking and online banking platforms.
    ●    Financial Inclusion: IOB actively participates in government initiatives promoting financial inclusion. They offer microloans, financial literacy programs, and simplified account opening processes to reach underserved communities.
    ●    Social Responsibility: IOB is committed to social responsibility, contributing to programs related to education, healthcare, and skill development in the regions they operate.

    Looking Ahead: IOB strives to remain a dominant player in the Indian banking sector by:

    ●    Digital Transformation: Furthering their digital banking infrastructure to cater to the growing demand for online and mobile banking services.
    ●    Product Diversification: Developing new and innovative financial products to meet the evolving needs of diverse customer segments.
    ●    Risk Management and Efficiency: Strengthening risk management practices and focusing on operational efficiency to ensure sustainable growth.
     

    Indian Overseas Bank FAQs

    What is Share Price of Indian Overseas Bank ?

    Indian Overseas Bank share price is ₹58 As on 18 September, 2024 | 02:23

    What is the Market Cap of Indian Overseas Bank ?

    The Market Cap of Indian Overseas Bank is ₹110030.9 Cr As on 18 September, 2024 | 02:23

    What is the P/E ratio of Indian Overseas Bank ?

    The P/E ratio of Indian Overseas Bank is 39.2 As on 18 September, 2024 | 02:23

    What is the PB ratio of Indian Overseas Bank ?

    The PB ratio of Indian Overseas Bank is 4.4 As on 18 September, 2024 | 02:23

    How to Invest in Indian Overseas Bank (IOB)?

    Indian Overseas Bank shares are publicly traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). To buy the shares, you'll need a demat account with a brokerage firm that allows trading on the relevant exchange.

    What is Indian Overseas Bank's ROE?

    Indian Overseas Bank's current Return on Equity (ROE) is approximately 10.03%. Remember, ROE is a profitability measure and can fluctuate over time.

    What Affects Indian Overseas Bank's Share Price?

    Several factors can influence Indian Overseas Bank's share price, including:
    ● Financial performance of the bank, including profitability and future prospects.
    ● Overall health of the Indian banking sector.
    ● Government policies and regulations impacting the banking industry.
    ● News and ratings related to Indian Overseas Bank, including analyst opinions and investor sentiment.

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