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Oriental Bank of Commerce drops for fifth straight session

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Capital Market

Oriental Bank of Commerce is quoting at Rs 52.7, down 0.28% on the day as on 13:19 IST on the NSE. The stock tumbled 11.89% in last one year as compared to a 13.29% rally in NIFTY and a 14.62% spurt in the Nifty PSU Bank index.

Oriental Bank of Commerce fell for a fifth straight session today. The stock is quoting at Rs 52.7, down 0.28% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 11875.75. The Sensex is at 40225.26, down 0.24%.Oriental Bank of Commerce has gained around 1.54% in last one month.Meanwhile, Nifty PSU Bank index of which Oriental Bank of Commerce is a constituent, has increased around 13.45% in last one month and is currently quoting at 2437.05, up 0.47% on the day. The volume in the stock stood at 2.22 lakh shares today, compared to the daily average of 10.63 lakh shares in last one month.

 

The PE of the stock is 12.39 based on TTM earnings ending September 19.

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First Published: Nov 11 2019 | 1:36 PM IST

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