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Oriental Bank of Commerce surges on reporting 24% rise in Q2 net profit

23 Oct 2019 Evaluate

Oriental Bank of Commerce is currently trading at Rs. 51.70, up by 1.45 points or 2.89% from its previous closing of Rs. 50.25 on the BSE.

The scrip opened at Rs. 52.50 and has touched a high and low of Rs. 52.75 and Rs. 51.30 respectively. So far 66504 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 01-Apr-2019 and a 52 week low of Rs. 48.85 on 22-Oct-2019.

Last one week high and low of the scrip stood at Rs. 53.90 and Rs. 48.85 respectively. The current market cap of the company is Rs. 7097.68 crore.

The promoters holding in the company stood at 87.58%, while Institutions and Non-Institutions held 7.86% and 4.56% respectively.

Oriental Bank of Commerce has reported 23.75% rise in its net profit at Rs 125.90 crore for the quarter ended September 30, 2019 under review as compared to Rs 101.74 crore for the same quarter in the previous year. Total income of the Bank increased by 14.80% at Rs 5702.34 crore for Q2FY20 as compared Rs 4967.29 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 12.53%, as compared to 17.24% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.94% in Q2FY20.


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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