Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 38.27, down 1.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 24755.4. The Sensex is at 80723.46, down 0.54%.Indian Overseas Bank has added around 0.24% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has increased around 7.58% in last one month and is currently quoting at 7393.35, down 1.36% on the day. The volume in the stock stood at 28.73 lakh shares today, compared to the daily average of 120.62 lakh shares in last one month.
The PE of the stock is 19.69 based on TTM earnings ending June 25.
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