Indian Overseas Bank turned down 1.3% to Rs 125 regardless of recording a 20.92% increase in net profit in Q1 June 2007 The results were declared during market hours today, 27 July 2007.

Meanwhile, the BSE 30-share Sensex was down 448 points to 15,327 chasing weak global markets.

Nearly, 2.85 lakh shares of the scrip had changed hands on the bourses.

The Indian Overseas Bank (IOB) scrip had touched an intraday high of Rs 125.75 and an intraday low of Rs 120.75 during the day. It has had its 52-week high of Rs 140.35 on 17 July 2007 and a 52-week low of Rs 82 on 27 July 2006.

The scrip increased 6.84% over the last one month.

The bank posted a 20.92% growth to Rs 268.49 crore in net profit in Q1 June 2007 over Q1 June 2006. Total income ascended 58.10% to Rs 1907.78.

The government holds a 61.23% stake in Indian Overseas Bank.