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1 Comment
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.
Exchange | NSE |
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CurrencyCode | INR |
ISIN | INE565A01014 |
Sector | Financial Services |
Industry | Banks - Regional |
Market Cap | 746B |
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PE Ratio | 23.71 |
Target Price | 14 |
Beta | 0.53 |
Dividend Yield | None |
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, recurring, tax saver, and term deposits. The company's loan products include home, vehicle, jewel, consumer durable, education, reverse mortgage, personal, agricultural, and corporate loans, as well as loan against the property and sovereign gold bond; and micro, small, and medium enterprise loans. It also provides debit and credit cards, export credit, NRI accounts, agricultural and rural banking products, mutual funds, lockers, merchant banking, and internet and mobile banking services; depository services; and life, health, personal accident, and motor insurance products. It operates branches, ATMs, and business correspondents in India; and overseas branches in Singapore, Hong Kong, Colombo, and Bangkok. The company was incorporated in 1936 and is based in Chennai, India.
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