ORIENTAL BANK Surges by 5%; BSE BANKEX Index Up 0.1%
December 4, 2019 09:50 AM

ORIENTAL BANK share price has zoomed 5% and is presently trading at Rs 58.

Meanwhile, the BSE BANKEX Index is at 35,964 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is ORIENTAL BANK (up 5.2%).

CITY UNION BANK and SBI are among the top losers today.

Over the last one year, ORIENTAL BANK has moved down from Rs 93 to Rs 58, registering a loss of Rs 35 (down 37.6%).

On the other hand, the BSE BANKEX has moved up from 30,054 to 35,964, registering a gain of 5,910 points (up 19.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 45.0%), KOTAK MAHINDRA BANK (up 33.1%) and CITY UNION BANK (up 33.0%).

What About the Benchmark Indices?

The BSE Sensex is at 40,682 .

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 3.2%), TATA MOTORS DVR (up 2.0%) and ICICI BANK (up 1.2%). Other gainers include TCS (up 1.1%) and INFOSYS (up 1.0%). The most traded stocks in the BSE Sensex are TATA MOTORS and TCS.

In the meantime, NSE Nifty is at 11,999 . BHARTI INFRATEL (up 3.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,241 to 40,682, registering a gain of 4,441 points (up 12.2%).

ORIENTAL BANK Financial Update...

ORIENTAL BANK net profit down at Rs 1 billion for the quarter ended September 2019, compared to a loss of Rs 1 billion a year ago. Operating income rose 6.9% to Rs 48.8 billion during the period as against Rs 45.6 billion in July-September 2018.

For the year ended March 2019, ORIENTAL BANK reported 100.9% decrease in net profit to Rs 550.0 million compared to net profit of Rs 58.7 billion during FY18.

Revenue of the company grew 2.8% to Rs 179 billion during FY19.

The current Price to earnings ratio of ORIENTAL BANK, based on rolling 12 month earnings, stands at 13.6x.