Oriental Bank of Commerce is currently trading at Rs. 122.30, up by 2.70 points or 2.26% from its previous closing of Rs. 119.60 on the BSE.
The scrip opened at Rs. 119.15 and has touched a high and low of Rs. 124.45 and Rs. 119.15 respectively. So far 2,20,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.80 on 05-May-2017 and a 52 week low of Rs. 101.70 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 128.60 and Rs. 118.50 respectively. The current market cap of the company is Rs. 4,230.00 crore.
The promoters holding in the company stood at 58.38%, while Institutions and Non-Institutions held 31.54% and 10.08% respectively.
Oriental Bank of Commerce is intending to raise Tier 1 Capital through Private Placement of Basel Ill Compliant Additional Tier 1 Bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore with an option to retain oversubscription of upto Rs 500 crore. The proposed Bonds Issue has been rated as 'A’ (Hyb.) with negative outlook by ICRA and 'A' with negative outlook by CARE.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.80%, as compared to 7.75% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.68% in Q3FY17.
