Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 24.05, down 2.43% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.74% on the day, quoting at 17284.5. The Sensex is at 58659.15, down 0.8%.Indian Overseas Bank has eased around 7.85% in last one month.Meanwhile, Nifty Pharma index of which Indian Overseas Bank is a constituent, has eased around 1.47% in last one month and is currently quoting at 3857.1, down 1.39% on the day. The volume in the stock stood at 48.66 lakh shares today, compared to the daily average of 128.11 lakh shares in last one month.

The PE of the stock is 23.26 based on TTM earnings ending December 22.