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12-Aug2016

Oriental Bank of Commerce surges despite reporting fall of 61% in Q1 net profit

Oriental Bank of Commerce is currently trading at Rs. 114.00, up by 4.25 points or 3.87% from its previous closing of Rs. 109.75 on the BSE.

The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 115.40 and Rs. 106.60 respectively. So far 1186531 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.80 on 18-Aug-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. 122.90 and Rs. 106.60 respectively. The current market cap of the company is Rs. 3904.80 crore.

The promoters holding in the company stood at 58.38%, while Institutions and Non-Institutions held 29.56% and 12.06% respectively.

The bank has reported 60.95% fall in its net profit at Rs 100.69 crore for the quarter ended June 30, 2016 as compared to Rs 257.84 crore for the same quarter in the previous year. Total income of the bank decreased by 3.16% to Rs 5392.70 crore for the quarter under review from Rs 5568.78 crore for the corresponding quarter of the previous year.

The bank's gross NPA for the April-June quarter of the current fiscal increased to 11.45%, as compared to 5.85% in the same quarter of the previous year. Besides, bank's Net NPA stood at 8.11% in Q1FY17.

 

 

 

 


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