Indian Overseas Bank is currently trading at Rs. 62.12, up by 0.92 points or 1.50% from its previous closing of Rs. 61.20 on the BSE.

The scrip opened at Rs. 61.91 and has touched a high and low of Rs. 62.50 and Rs. 59.75 respectively. So far 1198442 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.80 on 08-Feb-2024 and a 52 week low of Rs. 23.57 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 66.65 and Rs. 59.75 respectively. The current market cap of the company is Rs. 116779.10 crore.

The promoters holding in the company stood at 96.38%, while Institutions and Non-Institutions held 1.34% and 2.28% respectively.

Indian Overseas Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The bank has reported 24.31% rise in its net profit at Rs 808.10 crore for the quarter under review as compared to Rs 650.07 crore for the same quarter in the previous year. Total income of the bank increased by 37.51% at Rs 9,106.26 crore for Q4FY24 as compared Rs 6,622.42 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 23.61% rise in its net profit at Rs 810.42 crore for fourth quarter ended March 31, 2024 as compared to Rs 655.63 crore for the same quarter in the previous year. Total income of the bank increased by 37.43% at Rs 9,112.67 crore for Q4FY24 as compared Rs 6,630.57 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the bank has reported 26.53% rise in net profit at Rs 2,655.61 crore as compared to Rs 2,098.79 crore for the previous year. Total income of the bank increased by 26.36% at Rs 29,705.99 crore for year under review as compared to Rs 23,509.08 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the bank has reported 26.70% rise in its net profit at Rs 2665.66 crore as compared to Rs 2103.99 crore for the previous year. Total income of the bank increased by 26.39% at Rs 29,730.97 crore for year under review as compared to Rs 23,523.42 crore for year ended March 31, 2023.