Indian Overseas Bank gained for a third straight session today. The stock is quoting at Rs 16.8, up 2.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.01% on the day, quoting at 16160.4. The Sensex is at 53995.88, up 1.93%. Indian Overseas Bank has slipped around 10.16% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has slipped around 11.5% in last one month and is currently quoting at 2474.2, up 1.17% on the day. The volume in the stock stood at 6.78 lakh shares today, compared to the daily average of 16.65 lakh shares in last one month.

The PE of the stock is 20.5 based on TTM earnings ending December 21.