Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap

In Friday’s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total of 5.71 crore equity shares worth Rs 310.7 crore have changed hands so far. IOB is the fifth public lender after the State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB), and Union Bank of India to cross the market capitalization of Rs 1 lakh crore.

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