MoneyWorks4Me

Oriental Bank of Commerce gains despite reporting 49% fall in Q2 net profit

11 Nov 2016 Evaluate

Oriental Bank of Commerce is currently trading at Rs. 127.15, up by 0.85 points or 0.67% from its previous closing of Rs. 126.30 on the BSE.

The scrip opened at Rs. 123.70 and has touched a high and low of Rs. 131.25 and Rs. 123.00 respectively. So far 449660 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.50 on 30-Nov-2015 and a 52 week low of Rs. 75.30 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 131.25 and Rs. 104.50 respectively. The current market cap of the company is Rs. 4403.29 crore.

The promoters holding in the company stood at 58.38%, while institutions and non-institutions held 28.95% and 12.67% respectively.

Oriental Bank of Commerce has reported 49.13% fall in its net profit at Rs 153.27 crore for the quarter under review as compared to Rs 301.31 crore for the same quarter in the previous year. Total income of the Bank decreased by 3.22% at Rs 5278.71 crore for the quarter under review as compared Rs 5454.13 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 12.36% as compared to 5.70% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.93% in Q2FY17.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
View more..