Sell Oriental Bank of Commerce, target Rs 108: Dr CK Narayan
ETMarkets.com|
Oct 12, 2017, 08.41 AM IST
Dr CK Narayan of Chart Advise has a sell call on Oriental Bank of Commerce with a target price of Rs 108.
The current market price of Oriental Bank of Commerce is Rs 115.25.
Time period given by the analyst is intraday when Oriental Bank of Commerce price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 120.
Oriental Bank of Commerce, incorporated in the year 1901, is a banking company (having a market cap of Rs 3,989.61 Crore).
Oriental Bank of Commerce key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 12,808.85 Crore to Sales Value (69.52 per cent of Total Sales), Income From Investment which contributed Rs 5022.31 Crore to Sales Value (27.26 per cent of Total Sales), Interest which contributed Rs 400.90 Crore to Sales Value (2.17 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 190.27 Crore to Sales Value (1.03 per cent of Total Sales)for the year ending 31-Mar-2017.
The current market price of Oriental Bank of Commerce is Rs 115.25.
Time period given by the analyst is intraday when Oriental Bank of Commerce price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 120.
Oriental Bank of Commerce, incorporated in the year 1901, is a banking company (having a market cap of Rs 3,989.61 Crore).
Oriental Bank of Commerce key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 12,808.85 Crore to Sales Value (69.52 per cent of Total Sales), Income From Investment which contributed Rs 5022.31 Crore to Sales Value (27.26 per cent of Total Sales), Interest which contributed Rs 400.90 Crore to Sales Value (2.17 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 190.27 Crore to Sales Value (1.03 per cent of Total Sales)for the year ending 31-Mar-2017.
