Why are Indian Overseas Bank shares falling for last 4 sessions?
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
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IOB becomes fifth PSU bank to hit ₹1 lakh cr mcap; stock price doubles in 6 months
Indian Overseas Bank shares gained as much as 7.9% to hit a fresh 52-week high of ₹56.22 on the BSE, while the m-cap surged to ₹1.2 lakh crore.
Why Indian Overseas Bank shares are trading higher today
The board of Indian Overseas Bank has approved the capital plan for FY23, which includes raising up to ₹2,000 crore by issuing equity shares and bonds.
