PSU bank shares end in red; IOB, UCO Bank, Central Bank fall up to 5%
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
iob
May 2024
February 2024
June 2022
Why are Indian Overseas Bank shares falling for last 4 sessions?
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
IOB becomes fifth PSU bank to hit ₹1 lakh cr mcap; stock price doubles in 6 months
Indian Overseas Bank shares gained as much as 7.9% to hit a fresh 52-week high of ₹56.22 on the BSE, while the m-cap surged to ₹1.2 lakh crore.
Why Indian Overseas Bank shares are trading higher today
The board of Indian Overseas Bank has approved the capital plan for FY23, which includes raising up to ₹2,000 crore by issuing equity shares and bonds.
