Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap

Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap

State-owned Indian Overseas Bank‘s (IOB) market capitalization crossed the Rs 1 lakh crore mark for the first time following a 100% rally in the stock over the last six months. In Friday’s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total … Read more

Big Movers on D-St: What should investors do with Adani Ports, Century Textiles and IOB?

Big Movers on D-St: What should investors do with Adani Ports, Century Textiles and IOB?

Indian market closed in the red for the fourth day in a row on Friday tracking muted global cues. The S&P BSE Sensex fell nearly 1000 points while the Nifty50 managed to hold on to 17800 levels. Sectorally, selling was seen in utilities, power, oil & gas, and telecom stocks. Stocks that were in focus … Read more