ORIENTAL BANK Plunges by 5%; BSE BANKEX Index Up 0.4%

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ORIENTAL BANK Plunges by 5%; BSE BANKEX Index Up 0.4%
Tue, 23 Apr 09:20 AM

ORIENTAL BANK share price has plunged 5% and is presently trading at Rs 104.

Meanwhile, the BSE BANKEX Index is at 33,484 (up 0.4%).

Among the top losers in the BSE BANKEX Index today is ORIENTAL BANK (down 5.1%).

ICICI BANK (up 1.4%) and BANK OF BARODA (up 0.9%) are among the top gainers today.

Over the last one year, ORIENTAL BANK has moved up from Rs 90 to Rs 104, registering a gain of Rs 14 (up 15.8%)..

The BSE BANKEX has moved up from 27,923 to 33,484, registering a gain of 5,561 points (up 19.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 49.2%), ICICI BANK (up 43.1%) and SBI (up 28.0%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 38,771 (up 0.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 1.4%). The most traded stocks in the BSE Sensex are HDFC and SBI.

In the meantime, NSE Nifty is at 11,613 (up 0.2%). ZEE ENTERTAINMENT (up 0.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,451 to 38,771, registering a gain of 4,320 points (up 12.5%).

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 3.5x.



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