ट्रेंडिंग न्यूज़

₹71 Government Bank Share; 66% Return In Just 6 Days; Reached 10-year High

PSU Bank Stock: Government bank stocks are showing tremendous action. But today on Friday, the NIFTY PSU BANK index has corrected by about 3.51% and reached a new high. 

So far this year, this index has increased by more than 18 percent. Indian Overseas Bank has done wonders. It closed above Rs 71.40 (Indian Overseas Bank Share Price).

On last days, this share hit an upper circuit of 20 percent. At present, this PSU Bank Stock is trading at 10 year high.

Indian Overseas Bank Share Is At 10-Year High

The shares of Indian Overseas Bank have been rising continuously for the last six trading sessions. In this rise, the 52-week high of this share is 83.75. This stock has reached from Rs 48 to Rs 83. 

This return is more than 66 percent. This bank stock was at its highest level since July 2014.

Price Had Reached Rs 6 During Corona

The share of Indian Overseas Bank is at the level of Rs 83. On a closing basis, this PSU Bank Stock has increased by 20% in 5 days, 67.21 percent in one month, 164.94 percent in six months, and 162.02 percent in one year. 

The three-year return is around 600 percent. During the Corona period, this share had reached Rs 6 on March 19. In comparison to that it has become 13-14 times.

About Indian Overseas Bank 

Indian Overseas Bank include Treasury, Wholesale Banking, and Retail Banking. The Bank has a wide range of operations, including deposits in the country and advances to domestic clients.

The bank also offers a variety of Arogya Mahila Savings Bank accounts and Mid mid-corporate departments. It also provides loans to small and non-corporate farmers, microfinance, and small farmers.

The banking services offered by the bank include retail loans, mortgages, and mortgages, as well as savings banks, term deposits, current accounts, and retail loans. The company offers merchant banking services for issuers, debenture Trustees, interest warrants, and more.

It also offers Internet and mobile service. Singapore, Colombo, and Hong Kong are the overseas branches.

Fundamental Analysis of Indian Overseas Bank

Market Cap ₹ 1,34,469 Cr.
Current Price ₹ 71.40
52-wk High ₹ 83.75
52-wk Low ₹ 20.85
Stock P/E 54.02
Book Value ₹ 13.4
Dividend 0.00 %
ROCE 4.53 %
ROE 8.69 %
Face Value ₹ 10.0
P/B Value 5.96
OPM 52.0 %
EPS ₹ 1.32
Debt ₹ 2,81,687 Cr.
Debt to Equity 11.2

Indian Overseas Bank Share Price Target 2024 To 2030

Year 1st Target 2nd Target
2024 ₹75 ₹98
2025 ₹115 ₹134
2026 ₹145 ₹194
2027 ₹205 ₹222
2028 ₹231 ₹264
2029 ₹275 ₹300
2030 ₹309 ₹341

Indian Overseas Bank Shareholding Pattern

Promoters Holding
Dec 2022 96.38%
Mar 2023 96.38%
June 2023 96.38%
Sept 2023 96.38%
Dec 2023 96.38%
FII Holding
Dec 2022 0.10%
Mar 2023 0.14%
June 2023 0.09%
Sept 2023 0.15%
Dec 2023 0.03%
DII Holding
Dec 2022 1.36%
Mar 2023 1.35%
June 2023 1.33%
Sept 2023 1.33%
Dec 2023 1.29%
Public Holding
Dec 2022 2.16%
Mar 2023 2.11%
June 2023 2.20%
Sept 2023 2.13%
Dec 2023 2.28%

Indian Overseas Bank Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019 ₹ 17,631 Cr
2020 ₹ 17,406 Cr
2021 ₹ 16,966 Cr
2022 ₹ 16,730 Cr
2023 ₹ 22,613 Cr

Last 5 Years’ Net Profit:

2019 ₹ -3,738 Cr
2020 ₹ -8,527 Cr
2021 ₹ 831 Cr
2022 ₹ 1,710 Cr
2023 ₹ 2,498 Cr

Last 10 Years’ Profit Growth:

10 Years: 14%
5 Years: 18%
3 Years: 31%
Current Year: 25%

Last 10 years’ Return on Equity (ROE):

10 Years: -12%
5 Years: -8%
3 Years: 8%
Last Year: 9%

Sales Growth Over 10 Years:

10 Years: -1%
5 Years: 2%
3 Years: 4%
Current Year: 23%


This article is a complete guide about Indian Overseas Bank Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.


A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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