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% |
Conclusion
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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