ORIENTAL BANK Plunges by 6%; BSE BANKEX Index Up 0.0%

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ORIENTAL BANK Plunges by 6%; BSE BANKEX Index Up 0.0%
Wed, 20 Nov 02:54 PM

ORIENTAL BANK share price has plunged 6% and is presently trading at Rs 64.

Meanwhile, the BSE BANKEX Index is at 35,578 .

Among the top losers in the BSE BANKEX Index today is ORIENTAL BANK (down 6.3%).

INDUSIND BANK (up 4.2%) and YES BANK (up 0.2%) are among the top gainers today.

Over the last one year, ORIENTAL BANK has moved down from Rs 89 to Rs 64, registering a loss of Rs 25 (down 28.0%)..

The BSE BANKEX has moved up from 29,603 to 35,578, registering a gain of 5,975 points (up 20.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 36.7%), ICICI BANK (up 36.1%) and CITY UNION BANK (up 29.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,816 (up 0.4%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 6.0%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 12,039 (up 0.4%). ZEE ENTERTAINMENT (up 6.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.5%).

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 13.7x.

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