Market Rout Forces Centre To Put OFS Plans On Hold | Profit Exclusive
Indian Overseas Bank left its position unchanged for FY27.
· NDTV Profit
The Centre has put four to five planned stake sales on hold for H2 FY27, with Indian Overseas Bank and Hindustan Zinc among the potential transactions affected.
Key facts
- Period
- FY27
The analysis
Against that, the stock is -1.7% on the day at ₹28.74, and has returned -14.8% over three months. It sits 29% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.0% over the same period, so Indian Overseas Bank is running 8.8 points behind its peers.
For Indian Overseas Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: Indian Overseas Bank (IOB), in Banks.
- On the day, 0 of 2 are higher: Indian Overseas Bank leads at -1.7% and Hindustan Zinc trails at -2.1%.
- Over three months: Indian Overseas Bank -14.8% against Banks -6.0% (8.8 points behind); Hindustan Zinc -5.6% against Metals & Mining -9.5% (3.9 points ahead).
- At least 25% below the 52-week high: Indian Overseas Bank (29%) and Hindustan Zinc (30%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Indian Overseas BankIOB · Banks | ₹28.74 | -1.7% | -7.2% | -14.8% | -28.9% | 0.8× | — |
| Hindustan ZincHINDZINC · Metals & Mining | ₹505.80 | -2.1% | -10.6% | -5.6% | -30.4% | 1.0× | — |
Banks
1M -3.4% · 3M -6.0%
Indian Overseas Bank
Metals & Mining
1M -9.3% · 3M -9.5%
Hindustan Zinc
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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