Oriental Bank of Commerce lost 7.33% to Rs 162.50 at 15:25 IST on BSE after the bank reported a net loss of Rs 1218.01 crore in Q4 March 2017 as compared with the net profit of Rs 21.62 crore in Q4 March 2016.
The result was announced during trading hours today, 12 May 2017.Meanwhile, the BSE Sensex was down 62.83 points, or 0.21%, to 30,188.15. The S&P BSE Mid-Cap index was down 102.68 points, or 0.69%, to 14,854.45.
On BSE, so far 15.16 lakh shares were traded in the counter, compared with an average volume of 3.94 lakh shares in the past one quarter. The stock hit a high of Rs 177.60 and a low of Rs 161.15 so far during the day. The stock hit a 52-week high of Rs 190.80 on 5 May 2017. The stock hit a 52-week low of Rs 76.80 on 24 May 2016.
The stock had outperformed the market over the past one month till 11 May 2017, rising 15.29% compared with 2.05% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 39.33% as against Sensex's 6.76% rise.
The mid-cap state-run bank has an equity capital of Rs 346.17 crore. Face value per share is Rs 10.
Oriental Bank of Commerce (OBC's) total income 7.19% to Rs 5093.84 crore in Q4 March 2017 over Q4 March 2016.
The bank's gross non-performing assets (NPAs) stood at Rs 22859.27 crore as on 31 March 2017 as against Rs 20492.18 crore as on 31 December 2016 and Rs 14701.78 crore as on 31 March 2016.
The ratio of gross NPAs to gross advances stood at 13.73% as on 31 March 2017 as against 13.8% as on 31 December 2016 and 9.57% as on 31 March 2016.
The ratio of net NPAs to net advances stood at 8.96% as on 31 March 2017 as against 9.68% as on 31 December 2016 and 6.7% as on 31 March 2016.
Provision coverage ratio of the bank was at 53.61% as on 31 March 2017.
Oriental Bank of Commerce's board of directors approved the bank's capital plan for raising of capital through FPO / rights issue / private placement / QIP or any other mode approved by Government of India / RBI for an amount not exceeding Rs 25000 crore (including share premium) within the ceiling of authorised capital of the bank at an appropriate time.
Government of India holds 58.37% stake in OBC (as on 31 March 2017).
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