Indian Overseas Bank (IOB) stock, down 53% from its February 2024 peak, is consolidating near support ahead of Q1 earnings. A breakout above ₹42-45 may signal trend reversal, says analyst Rohit Mehta. Despite solid profit growth and EPS gains, concerns linger over low ROE, high contingent liabilities, and no dividend payouts. IOB is down 24% YTD.