Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 49.77, down 3.32% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.Indian Overseas Bank has eased around 7.99% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has eased around 0.18% in last one month and is currently quoting at 6745.95, down 1.86% on the day. The volume in the stock stood at 34.04 lakh shares today, compared to the daily average of 64.23 lakh shares in last one month.
The PE of the stock is 32.91 based on TTM earnings ending September 24.