This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB

With a market cap of Rs 1.43 trillion, IOB currently stands ahead of Punjab National Bank (Rs 1.38 trillion) and Bank of Baroda (Rs 1.29 trillion).

Indian Overseas Bank (IOB) has become the second most valuable public sector bank (PSB) in terms of market capitalisation (market cap) as the stock zoomed over 90 per cent in the past four weeks.

Shares of IOB hit an over nine-year high of Rs 83.80, gaining 5 per cent on the BSE in Thursday’s intra-day trade. It rallied 94 per cent from a level of Rs 43.15 on January 8. In past six months, the stock price of the Bank skyrocketed 214 per cent. The stock