IOB Share Price Today, January 15: IOB Shares Fall After Surge in PSU Bank Stocks Amid News of PSU Fundraising Plan
Indian Overseas Bank (IOB) shares opened at INR 51.80 on January 15, following a previous close of INR 53.77, showing a decline in early trade.
Indian Overseas Bank (IOB) shares opened at INR 51.80 on January 15, following a previous close of INR 53.77, showing a decline in early trade. The shares fell by 7.05 per cent, trading at INR 49.98, marking a decrease of 3.79 points. This comes after a surge in PSU bank stocks on January 14, driven by news of a fundraising plan approved for state-owned lenders. Shares of IOB had surged by nearly 20 per cent during Tuesday’s session, along with gains in Central Bank of India, UCO Bank, Punjab & Sind Bank, and Bank of Maharashtra. The rally was sparked by reports of a qualified institutional placement (QIP) fundraising plan and a potential offer for sale (OFS) of PSB stakes. Stocks To Buy or Sell Today, January 15, 2025: Adani Green, Sula Vineyards, Shoppers Stop Among Shares That May Remain in Focus on Wednesday.
Indian Overseas Bank (NSE: IOB) Share Price Today:
(The above story first appeared on LatestLY on Jan 15, 2025 09:49 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
