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INDIAN OVERSEAS BANK 11.15 0.75 (7.21%)

  • BSE: 539807
  • |
  • NSE: IOB
  • |
  • ISIN NO: INE565A01014
  • |
  • INDUSTRY: Banks
Profile

IOB

IOB

In 1937, Indian overseas bank was being founded as of 10th February, and it had the distinction of 3 branches at Chennai, Karaikudi, and Rangoon together commencing business on an inaugural day. Its founder Chairman was M.Ct.Chidambaram Chettiyar. In 1969, the bank was nationalized, and it had about 208 branches and a business mix of INR 156 crores.

Some of the Milestones:

  • 1990:
  • The Bank of Tamil ... Nadu was being merged with the Bank.
  • It launched a credit card in a tie-up arrangement with Cancard.
  • 1995: It signed a MoU as of July 26, with the three Regional Rural Banks (or RRBs) sponsored by it. Also, Puri Gramya Bank (in Orissa), Pandyan Grama Bank (in Tamil Nadu) and Dhenkanal Gramya Bank (in Orissa). As per the MOU, the RRBs committed themselves to accomplish targets under several business parameters for turning the corner within 5 years.
  • 1998:
  • Also, Ms. P. Bolina, Deputy Secretary, Ministry of Finance was appointed as the director of the Bank since September 4, replacing Shri Paramjit Singh. Moreover, Shri K. Nagappan was appointed director representing workmen employees since October 12, in place of Shri Bhadresh U. Banker.
  • It launched its improved version of the Kisan Credit Card as of November 27. As the scheme gained popularity speedily. The branches distributed about 2,369 cards, disbursing a credit of INR 538.0 lakh in 4 months of inception of the scheme.
  • 1999:
  • Also, it launched a Housing Scheme known as 'Subha Gruha' with both simplified and borrower-friendly features.
  • Also, to benefit students undergoing studies in India and abroad, its 'Vidya Jyothi' educational loan scheme was modified. Also, loan amounts for inland as well as international studies were increased, and interest rates were reduced.
  • Since March 1, a new system was launched for reconciling high-value demand drafts.
  • 2000:
  • It launched its customer care cell in Chennai.
  • Also, the Chennai-based Indian Overseas Bank went public on September 25 with an IPO to raise INR 111.20 crore. Also, the IPO was for the issue of about 11, 12, 00,000 no. of equity shares of INR 10 each at par.
  • Also, the public sector of the bank set aside about INR 75 crore for offering a voluntary retirement scheme package to about 1,500 employees.
  • It also tied-up with Dabur-All State Insurance to market the joint venture's life insurance products.
  • It is also the first public sector bank to introduce anywhere banking at its 129 branches in the 4 metros and extends the connectivity to another 100 branches in Bangalore, Hyderabad, Ahmedabad, and Ludhiana.
  • Also, it came out with a public issue of 11, 12, 00,000 shares of INR 10 each for cash at par aggregating INR 111.20 crore.
  • It also launched its "gold loan scheme' for exporters taking advantage of the uniform sales tax on bullion that was recently adopted by the states.
  • It is also the first public sector bank nationwide to introduce mobile banking services using Wireless Application Protocol (or WAP).
  • It also launched its Any Branch Banking service in Hyderabad.
  • 2001:
  • It raised INR 125 crore via a bond issue. Crisil also gave a rating of 'AA' for the issue and 'P1+' for its certificate of deposit.
  • Its chairman and managing director R V Shastri took over from R J Kamath as the new head of the nationalized Canara Bank.
  • Also, S C Gupta, executive director of Indian Overseas Bank, took over as the chairman and managing director of the bank.
  • R Natarajan was appointed as executive director of Indian Overseas Bank.
  • 2002:
  • It informed that the Government of India had nominated Smt. Usha Mathur, Joint Secretary, Department of Expenditure, Ministry of Finance, Government of India, New Delhi, replacing Shri Ram Mohan as Government Director in the Board since March 20, 2002.
  • Also, Ananda Kumar was nominated as Director in the Board of the bank.
  • Rohit M Desai was appointed as a Director on the Board of the bank.
  • It informed that in the EGM held on December 07, 2002, and the 4 candidates were declared elected as the Directors of the Bank representing shareholders other than the Central Government. Mr. Christopher Thomas Kurien, Mr. M N Venkatesan, Dr. Harsh Mahajan, and Mr. S K Seghal.
  • 2003:
  • It slapped notices to 70 defaulters and also seized several properties.
  • It made the decision of not returning any share capital to the government.
  • Sivaram Swamy was appointed as Compliance Officer, replacing Mr.V Rajgopalan.
  • It hands over 'Credence Mercury-fx' inter branch messaging software contract to Credence Analytics(I) Pvt Ltd.
  • Shri Pradeep K Deb was appointed as the Director of the bank.
  • Its non-food credit was surged up by INR 650 cr.
  • The Government appointed Shri Anand Sinha, Chief General Manager, DICGC, RBI, Mumbai, replacing Shri B Ghosh, RBI Director in the Board of the bank.
  • IOB, along with the other 3 banks tied-up for ATM networks on cards with Canara Bank.
  • It came out with Initial Public Offering (or IPO) of 10 crore equity shares of INR 10 each at a premium of INR 24 aggregating INR 240 crore, and the issue was oversubscribed 7 times.
  • Also, the High Court restricted order on IOB staff dismissal.
  • 2004:
  • The government chose IOB for channelizing government credit to the other countries that run into billions of dollars.
  • It tied-up with Times Online Money to launch an Internet-based remittance product named, e-Cash Home, and targeted at NRIs in the US wishing to transfer money to India.
  • It set up a new ATM in Vizag.
  • It had a pact with Chola for MF products.
  • 2005:
  • It joined hands with Visa to offer debit cards.
  • It joined hands with Jatropha to promote biofuel.
  • It tied-up with the Export Credit Guarantee Corporation of India to distribute the latter's products. Also, ECGC products were initially distributed via 21 AD (authorized dealer) branches of the bank.
  • It joined hands with NCR.
  • 2006:
  • It inked a MoU with CRI Pumps.
  • It launched a new tax-saving deposit scheme.
  • It acquired BhOB for INR 170 cr.
  • 2007: It declared a scheme to extend the housing loan facility up to a maximum of INR 20,000 for such beneficiaries at a 4% interest rate.
  • 2008:
  • Chennai: It inked the pact with Rotary International - District 3230 for the execution of 'IOB- Rotary Sampoorna Scheme.'
  • It allied with Alankit Assignment Ltd, which is a Delhi-based financial services company.
  • It inked a MoU with Coir Board for the execution of rejuvenation, modernization, and technology up-gradation of the coir industry.
  • 2009: It also signed a MoU with Asia Motor Works.
  • 2010: It inked a MoU with Tata Motors for extending loans. It was for the purchase of commercial transport vehicles.
  • 2011:
  • Also, Amex in credit card tied-up with the bank.
  • It was reported that the bank raised about $500 million (about INR 2,250 crore) from global markets.
  • It received the SKOCH AWARD for Financial Inclusion.
  • The Platinum Jubilee Celebrations.
  • It appointed Ajoy Misra as Director and Executive Director.
  • 2012:
  • The blocking of cards as a preventive measure.
  • Deepa Chellam, Board Services Department was designated as Company Secretary as well as Compliance Officer of the Bank.
  • 2013: It signed a memorandum of understanding (or MoU) with Deutsche Bank to establish a relationship in the cash management services.
  • 2014: It declared an interim dividend of about 7%, i.e., at the rate of INR 0.70 paise per equity share of INR 10 each.

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Key Data
  • Market cap 15748.00 CR.
  • Book value 9.83
  • Stock P/E 0
  • Dividend Yield 0.00%
  • ROCE 1.53%
  • ROE -52.49%
  • Sales Growth (3Y) -4.07%
  • Face Value (3Y) 10.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Up
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM 11.20 12.15
11 AM 11.10 12.15
12 PM 11.10 12.15
1 PM 11.10 12.15
2 PM 11.10 12.15
3 PM 11.10 12.15
Japanese Candlestick Patterns
Candle Pattern 1 :Doji
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Higher High Higher Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 7.63 8.48 9.33 9.87 10.18 10.72 11.03 11.88 12.73
woodie's 7.72 8.57 9.11 9.42 9.96 10.28 10.81 11.12 11.98
fibonacci - 9.33 9.66 9.86 10.18 10.51 10.71 11.03 -
camarilla 9.93 10.17 10.24 10.32 -- 10.48 10.56 10.63 10.87
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 9.25
12.15
9.74 10.64 % 2.02 %
20 DAY 9.05
12.15
9.56 10.64 % 8.54 %
50 DAY 8.50
12.15
9.47 13.04 % 12.89 %
100 DAY 8.50
12.25
10.05 0.48 % 17.14 %
200 DAY 6.05
13.75
9.29 47.52 % 41.60 %
YTD 6.05
13.75
9.47 -5.45 % 7.31 %
52 Week 6.05
13.75
9.95 0.48 % 8.74 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2020-11-25
11.10 ~ 10.50 SUPPORT
Unfilled Gap Down On 2018-02-21
19.75 ~ 20.25 RESISTANCE
Unfilled Gap Down On 2018-02-02
22.15 ~ 22.20 RESISTANCE
Unfilled Gap Down On 2017-05-18
29.00 ~ 29.50 RESISTANCE
Industry Growth Rate

In Last 1 Year the industry has grown by 15.00 %

In Last 5 Year the industry has grown by 9.30 %

Peer comparison

Sales

COMPANY NAME 2014 2015 2016 2017 2018 2019
SBIN 189062.00 207974.00 220633.00 230447.00 228970.00 253322.00
ICICIBANK 49479.00 54964.00 59294.00 60940.00 62162.00 71982.00
HDFCBANK 42555.00 50666.00 63162.00 73271.00 85288.00 105161.00
AXISBANK 30736.00 35727.00 41409.00 45175.00 46614.00 56044.00
Total 77958.00 87332.75 96124.50 102458.25 105758.50 121627.25

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE GNPA REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 HDFC Bank Ltd 768589.11 1402.65 272.34 41.00 30.37 40.98 105161.00 22332.00 21.24% 23.30% 20.65% 20.48% 25.80%
2 ICICI BANK LTD. 305944.21 472.65 167.47 6.60 81.68 3.30 71982.00 4254.00 5.91% 15.80% 7.10% 1.75%
3 KOTAK MAHINDRA BANK LTD. 356024.40 1862.45 224.42 37.74 44.78 4.95 1.94% 29935.00 7204.00 24.07% 19.12% 16.17% 21.23% 27.15%
4 STATE BANK OF INDIA 217001.60 243.15 247.53 2.58 120.54 2.58 253322.00 2300.00 0.91% 10.64% 10.70%
5 AXIS BANK LTD. 169213.18 600.00 236.40 19.59 36.96 9.80 56044.00 5039.00 8.99% 20.23% 1005.04% 17.87% 10.76%
6 INDUSIND BANK LTD. 59249.81 854.50 384.70 54.77 23.24 5.47 2.10% 22261.00 3301.00 14.83% 28.82%
7 Bandhan Bank Ltd 59265.83 368.00 69.57
8 LAKSHMI VILAS BANK LTD. 26018.79 7.65 56.21
9 BANK OF BARODA 22640.61 49.00 99.43 4.15 21.24 2.08 52906.00 1100.00 2.08% 14.87% 13.03%
10 PUNJAB NATIONAL BANK 21141.14 31.35 66.47 52147.00 7.02% 10.18%
11 Dhanlaxmi Bank Limited 25247.98 9.93 30.08
12 IDBI BANK LTD. 39342.97 37.90 36.23 22102.00 6.62%
13 AU Small Finance Bank Ltd 25975.96 855.15 65.83
14 BANK OF INDIA 14560.88 44.40 127.20 41005.00 7.03% 9.59%
15 IDFC First Bank Ltd 17167.43 35.80 37.92 12204.00 34.14%
16 CANARA BANK 9936.35 96.50 351.16 7.99 23.03 0.80 8.87% 46897.00 602.00 1.28% 13.43% 10.60%
17 FEDERAL BANK LTD. 11785.08 59.15 66.62 6.63 13.70 3.31 2.92% 11635.00 1316.00 11.31% 17.35% 40.75% 13.38% 10.80%
18 CITY UNION BANK LTD. 13036.30 177.05 65.79
19 UNION BANK OF INDIA 9139.11 26.70 77.38 34314.00 4.13%
20 RBL Bank Ltd 11505.11 226.25 148.46 20.10 15.81 2.01 6302.00 858.00 13.61% 38.17% 35.76%
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 17.52
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 77.25
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
IOB 2009-03-09 TCI CYPRUS HOLDING LIMITED S 12863437.00 36.50
IOB 2008-04-11 TCI CYPRUS HOLDING LIMITED P 8595763.00 137.00
IOB 2008-04-11 JPMSL COPTHALL MAURITIUS INVT LTD S 8595763.00 137.00
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
IOB 2009-02-26 STANDARD CHARTERED PRIVATE EQUITY MAURITIUS LTD P 3604304.00 47.25
IOB 2009-02-26 SWISS FINANCE CORPORATION MAURITIUS LIMITED S 3604304.00 47.25
Dividend history
Ex Date Amount
2014-06-19 0.50
2014-02-10 0.70
2013-06-20 2.00
2012-06-21 4.50
2011-07-04 5.00
2010-05-26 3.50
2009-05-21 4.50
2008-05-05 3.50
2001-07-11 1.00
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value