Indian Overseas Bank up after Q1 profit rise

Indian Overseas Bank

22/07/2024 09:39

** Shares of Indian Overseas Bank  IOBK.NS  up 2.2% to 66
rupees
    ** Stock among top gainers in the Nifty PSU Bank Index
 .NIFTYPSU , which is up 0.8%
    ** Lender's Q1 net profit rose 26% to 6.33 billion rupees
($75.67 million); interest earned up 20%
    ** More than 19 mln shares traded, their fifth-busiest day
in nearly two weeks
    ** Stock trading above 50- and 100- day moving avgs
    ** Stock up 50% so far this year vs a 28% gain in the Nifty
PSU Bank Index  .NIFTYPSU  

($1 = 83.6517 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))