Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 32.02, down 0.77% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 23871.2. The Sensex is at 76450.83, down 0.64%.Indian Overseas Bank has lost around 6.1% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has eased around 0.01% in last one month and is currently quoting at 8505.75, down 0.24% on the day. The volume in the stock stood at 21.89 lakh shares today, compared to the daily average of 21.41 lakh shares in last one month.

The PE of the stock is 10.8 based on TTM earnings ending June 26.