Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 17.4, down 1.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.9% on the day, quoting at 16365.25. The Sensex is at 54704.76, down 1.79%.Indian Overseas Bank has eased around 10.54% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has eased around 11.04% in last one month and is currently quoting at 2649.75, down 1.9% on the day. The volume in the stock stood at 10.4 lakh shares today, compared to the daily average of 20.94 lakh shares in last one month.

The PE of the stock is 22 based on TTM earnings ending December 21.