ORIENTAL BANK at 52 Week High; BSE 500 Index Down 0.1 %
March 20, 2019 03:30 PM

ORIENTAL BANK share price has hit a 52-week high at Rs 108 (up 3.0%).

Meanwhile, the BSE 500 Index is at 15,193 (down 0.1%).

Among the top gainers in the BSE 500 Index today are ORIENTAL BANK (up 3.0%) and SPICEJET (up 17.6%).

JUBILANT LIFE SCIENCES (down 7.7%) and HPCL (down 5.5%) are among the top losers today.

Over the last one year, ORIENTAL BANK has moved up from Rs 95 to Rs 108, registering a gain of Rs 13 (up 13.78%).

The BSE 500 has moved up from 14,101 to 15,193, registering a gain of 1,092 points (up 7.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BATA INDIA (up 99.7%), VIP INDUSTRIES (up 54.3%) and RELIANCE IND. (up 53.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,490 (up 0.1%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.2%), WIPRO (up 1.6%) and SUN PHARMA (up 1.4%). Other gainers include L&T (up 1.4%) and YES BANK (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,556 (down 0.1%). INDIABULLS HOU. FIN. (up 5.1%) and HINDALCO (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,490, registering a gain of 5,567 points (up 16.6%).

ORIENTAL BANK Financial Update...

ORIENTAL BANK net profit declined 107.3% YoY to Rs 1 billion for the quarter ended December 2018, compared to a loss of Rs 20 billion a year ago. Operating income rose 7.0% to Rs 45.6 billion during the period as against Rs 42.6 billion in October-December 2017.

For the year ended March 2018, ORIENTAL BANK reported 442.7% increase in net profit to Rs 58.7 billion compared to net profit of Rs 10.8 billion during FY17.

Revenue of the company grew 5.6% to Rs 174 billion during FY18.

The current Price to earnings ratio of ORIENTAL BANK, based on rolling 12 month earnings, stands at down 3.8x.