Explained: Why Indian Overseas Bank hit 20% upper circuit today

Indian Overseas Bank hit the upper circuit of 20 per cent in early trade on Thursday. Here is all you need to know.

Shares of Indian Overseas Bank (IOB) hit the upper circuit of 20 per cent briefly on the stock market on Thursday. The public sector bank’s shares went up to Rs 24.50 in early trade.

At 12:05 pm, IOB shares were trading 13.41 per cent higher on the Bombay Stock Exchange (BSE) at Rs 23.25. On the National Stock Exchange (NSE), the shares of IOB were trading 13.69 per cent higher.