Sell Oriental Bank of Commerce, target Rs 105: Manas Jaiswal
ETMarkets.com|
Oct 12, 2017, 12.49 PM IST
Manas Jaiswal of manasjaiswal.com has a sell call on Oriental Bank of Commerce with a target price of Rs 105.
The current market price of Oriental Bank of Commerce is Rs 113.
Time period given by the analyst is intraday when Oriental Bank of Commerce price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 116.
Oriental Bank of Commerce, incorporated in the year 1901, is a banking company (having a market cap of Rs 3,989.61 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 24,409.49 Crore (14.83 per cent of total assets) and Net Non Performing Assets (Net NPAs) of Rs 14,808.92 Crore (9.56 per cent of total assets).
For the quarter ended 30-06-2017, the company has reported a Standalone Interest Income of Rs 3,113.33 Crore, up 2.47 per cent from last quarter Interest Income of Rs 3,038.30 Crore and down 7.97 per cent from last year same quarter Interest Income of Rs 3,383.07 Crore.
The current market price of Oriental Bank of Commerce is Rs 113.
Time period given by the analyst is intraday when Oriental Bank of Commerce price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 116.
Oriental Bank of Commerce, incorporated in the year 1901, is a banking company (having a market cap of Rs 3,989.61 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 24,409.49 Crore (14.83 per cent of total assets) and Net Non Performing Assets (Net NPAs) of Rs 14,808.92 Crore (9.56 per cent of total assets).
For the quarter ended 30-06-2017, the company has reported a Standalone Interest Income of Rs 3,113.33 Crore, up 2.47 per cent from last quarter Interest Income of Rs 3,038.30 Crore and down 7.97 per cent from last year same quarter Interest Income of Rs 3,383.07 Crore.
