IOB (Indian Overseas Bank) all time low
Sunday, February 1st, 2009At friday IOB (Indian Overseas Bank) hits all time low 60/- in intraday and closed at 60.95 by end of day..It is good opportunity to invest into IOB as share is extremely cheap according to me and one can easily get approximately 80-100% return in this counter.
Its price per earning ratio P/E is 2.67
52 Week High 190
52 Week Low 59.50
Net profit 388.4 Cr Quarterly
Its P/E is really very low as compared to other Banking Sector stocks where P/E is more than 4.
