Indian Overseas Bank jumps on Q3 profit rise

Indian Overseas Bank

24/01/2024 08:23

** Shares of Indian Overseas Bank  IOBK.NS  up as much as 7.2%
at 46.85 rupees
    ** Lender reported 30.2% YoY rise in Dec-qtr net profit to
7.22 bln rupees ($86.84 mln); interest earned up 22.2%
    ** Over 39 mln shares change hands as of 1:48 p.m. IST, 1.6x
the 30-day moving average
    ** Stock posts biggest intraday pct gain since Nov. 13, 2023
    ** IOBK has been trading above its 200-day moving avg since
June 28, 2023
    ** Stock among top pct gainers in Nifty PSU Bank index
 .NIFTYPSU  which is up 1.4% 

($1 = 83.1450 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))