Indian Overseas Bank Shows Resilience with Consecutive Gains Amid Market Challenges

Jan 20 2025 12:45 PM IST
share
Share Via
Indian Overseas Bank has shown strong performance with a 5.21% gain on January 20, 2025, marking three consecutive days of positive movement. The stock is above its short-term moving averages but below longer-term ones, demonstrating resilience compared to the broader market, particularly the Sensex.
Indian Overseas Bank has experienced a significant gain of 5.21% on January 20, 2025, marking its third consecutive day of positive performance with a total increase of 3.63% over this period. The stock reached an intraday high of Rs 51.87, reflecting a rise of 2.45% during the trading session.

In terms of technical indicators, Indian Overseas Bank's stock is currently positioned above its 5-day and 20-day moving averages, although it remains below the longer-term 50-day, 100-day, and 200-day moving averages.

When assessing its performance relative to the broader market, Indian Overseas Bank's one-day gain of 5.08% notably outperformed the Sensex, which recorded a modest increase of 0.70%. Over the past month, the bank's stock has shown a slight increase of 1.45%, contrasting with a decline of 1.14% in the Sensex. This performance highlights the stock's resilience in a challenging market environment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News