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Indian Overseas Bank is currently in a long term uptrend where the price is trading 82.6% above its 200 day moving average.
From a valuation standpoint, the stock is 92.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.5.
Indian Overseas Bank's total revenue rose by 44.2% to $31B since the same quarter in the previous year.
Its net income has increased by 103.5% to $2B since the same quarter in the previous year.
Finally, its free cash flow grew by 75.0% to $-22B since the same quarter in the previous year.
Based on the above factors, Indian Overseas Bank gets an overall score of 5/5.
Industry | Banks-Regional |
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Sector | Financial Services |
ISIN | INE565A01014 |
CurrencyCode | INR |
Exchange | NSE |
Beta | 0.89 |
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Dividend Yield | 0.0% |
Target Price | 14 |
PE Ratio | 22.22 |
Market Cap | 445B |
Indian Overseas Bank provides various banking products and services in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It accepts various deposits, such as demand, savings, current, fixed, and term deposits; foreign currency (nonresident) accounts. The company's loan products include home, vehicle, jewel, clean, education, reverse mortgage, personal, agricultural, and corporate loans, as well as loan against the property; and micro, small, and medium enterprise loans. It also provides debit and credit cards, prepaid cards, NRI accounts, agricultural and rural banking products, merchant banking, payment, and internet banking services; and health, property, home, motor, and general insurance products. It operates branches, ATMs, and business correspondents in India; and overseas branches in Singapore, Hong Kong, Colombo, and Bangkok. The company was founded in 1937 and is based in Chennai, India.
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