Indian Overseas Bank rises on higher Q2 net profit

Indian Overseas Bank

17/10/2024 10:59

** Shares of Indian Overseas Bank  IOBK.NS  rise as much as
3.4% to 56.49 rupees
    ** Bank reported 24.4% y/y rise in Q2 net profit; interest
earned rose 17.7% y/y
    ** More than 12.5 mln shares traded as of 3:24 p.m. IST,
busiest day yet in almost 3 weeks
    ** IOBK last up 2.5%, adding to YTD gains of 29.3% so far
    ** Stock up 3.1% so far this week; set to snap 4-week losing
run

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))