Indian Overseas Bank Drops 19.95%, S&P BSE PSU Index Raises 1.47%

The Indian Overseas Bank has added about 71.95 percent in the last month as compared to 13.06 percent profit obtained in S&P BSE PSU index and 4.81 percent rise in the sensex.

Indian Overseas Bank obtained 19.95 percent today to trade at Rs 19. The S&P BSE PSU index has raised by 1.47 percent to quote at 6973.28. The index is up 13.06 percent over last one month. Among the other constituents of the index, Central Bank of India elevated 18.56 percent and Bank of Maharashtra added 9.99 percent on the day. The S&P BSE PSU index went up 8.69 percent over last one year compared to the 25.3 percent surge in benchmark sensex.

Indian Overseas Bank has added 71.95 percent over last one month compared to 13.06 percent gain in S&P BSE PSU index and 4.81 percent rise in the sensex. On the BSE, 34.14 lakh shares were traded in the counter so far compared with average daily volumes of 22.93 lakh shares in the past one month. The stock hit a record high of Rs 19 today. However, the stock hit a 52-week low of Rs.6.17 on 13 Mar 2020.