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Oriental Bank of Commerce rises on getting nod for capital raising programme

28 Jul 2014 Evaluate

Oriental Bank of Commerce is currently trading at Rs 283.45, up by 2.95 points or 1.05% from its previous closing of Rs 280.50 on the BSE.

The scrip opened at Rs 281.75 and has touched a high and low of Rs 285.00 and Rs 281.65 respectively. So far 15705 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs 10 has touched a 52 week high of Rs 377.30 on 29-May-2014 and a 52 week low of Rs. 121.40 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs 294.85 and Rs 275.15 respectively. The current market cap of the company is Rs. 8410.76 crore.

The promoters holding in the company stood at 59.13% while Institutions and Non-Institutions held 34.54% and 6.33% respectively.

Oriental Bank of Commerce’s board has approved the capital raising programme of the Bank for an amount not exceeding Rs 1500 crore through various modes as the Board / Committee of Directors may in its absolute discretion think fit at the opportune time pursuant to applicable laws and regulatory approvals. The company’s board gave the approval for the same at its meeting held on July 18, 2014.

For the year ended March 31, 2014, the bank has posted fall of 14.19% in its net profit after tax at Rs 1139.41 crore as compared to Rs 1327.95 crore for the same period in the previous year. However, total income of bank has increased by 8.28% at Rs 20962.75 crore for year under review as compared to Rs 19359.49 crore for the period ended March 31, 2013.

Oriental Bank-Amalga Share Price

45.65 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1091.80
PNB 109.15
Canara Bank 135.95
Bank Of Baroda 270.35
Union Bank Of India 167.25
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