Indian Overseas

Indian Overseas Bank June 8th shares gain 3%

Indian Overseas Bank June 8th shares gain 3%:

To begin with, the Indian Overseas Bank shares traded with a 3.06% gain in intraday trade. The company share value raised to Rs. 11.05 per equity share. The stock opened with Rs. 11.05 and reached the intraday high value of Rs. 11.05 and a low value of Rs. 10.71. 

The company shares traded at its 52-week lowest value of Rs. 6.05 per equity share. Similarly, the company shares listed at its 52-week highest value of Rs. 14.25 per eq share. 

Initially, the Indian Overseas Bank incorporated in 1937 as a banking company. According to the sources, until now the bank shares traded with its market capitalization of Rs. 17,751.95 cr. 

The bank announced its gross assets, NPAs of Rs. 23,733.86 cr, and Net NPAs of Rs. 7,081.09 cr. Furthermore, bank products along with interest and Discount on bills provided Rs. 11,727.01 cr. Also, the income from investments provides Rs. 4,922.28 cr. 

By the ending of Dec 2019, the company promoters held 95.84% from its entire stake. Moreover, as per the sources, the company shares traded with its price-to-earing ratio in multiples of -1.67. Similarly, the price-to-book ratio value of 0.61.

Indian Overseas Bank share trading with a gain of 0.35 points reached 10.80 INR with 3.35% up. Its previous close at 10.45 INR. The company shares outstanding with 12,585,398,218.

Stock Market June 8th Update Sensex and Nifty

Stock Market June 8th: On the first day of the week, the stock market trading with the bullish trend. The Sensex trading with a gain of 484.03 points reached 34,771.92 level with 1.41% up. Whereas, Nifty trading with a gain of 143.40 points reached 10,285.55 level with 1.42% up.

In the border market, the S&P BSE Midcap trading with a gain of 164.52 points reached 12,718.68 level with 1.31% up. Whereas, S&P BSE SmallCap trading with a gain of 258.43 points reached 12,113.19  with 2.18% up. At the same time, Nifty bank trading with a gain of 150.80 points reached 10,292.95 level with 1.49% up.

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