Oriental Bank of Commerce lost 1.98% to Rs 244.55 at 14:14 IST on BSE after net profit rose 0.77% to Rs 310.32 crore on 13.19% growth in total income to Rs 5655.36 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during trading hours today, 30 April 2014.
Meanwhile, the S&P BSE Sensex was down 124.62 points or 0.55% at 22,341.57.
On BSE, so far 5.21 lakh shares were traded in the counter as against average daily volume of 2.05 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 2.06% at the day's low of Rs 244.35 so far during the day. The stock rose as much as 3.74% at the day's high of Rs 258.85 so far during the day. The stock had hit a 52-week high of Rs 278.50 on 20 May 2013. The stock had hit a 52-week low of Rs 121.40 on 29 August 2013.
The stock had outperformed the market over the past one month till 29 April 2014, advancing 12.74% compared with the Sensex's 0.56% rise. The scrip had also outperformed the market in past one quarter, jumping 41.2% as against Sensex's 8.81% rise.
The mid-cap bank has equity capital of Rs 299.85 crore. Face value per share is Rs 10.
Oriental Bank of Commerce (OBC)'s ratio of gross non-performing assets (NPAs) to gross advances stood at 3.99% as on 31 March 2014 as against 3.87% as on 31 December 2013 and 3.21% as on 31 March 2013. The ratio of net NPAs to net advances stood at 2.82% as on 31 March 2014 as against 2.91% as on 31 December 2013 and 2.27% as on 31 March 2013.
OBC's provisions and contingencies rose 22.65% to Rs 930.71 crore in Q4 March 2014 over Q4 March 2013. Provision coverage ratio as on 31 March 2014 works out to 60.15%.
OBC's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 11.01% as on 31 March 2014 as against 11% as on 31 December 2013.
OBC's net profit declined 14.19% to Rs 1139.41 crore on 8.28% growth in total income to Rs 20962.75 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
The Government of India (GoI) holds 59.13% stake in OBC (as per the shareholding pattern as on 31 March 2014).
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