Oriental Bank Of Commerce is currently trading at Rs. 62.10, up by 0.10 points or 0.16% from its previous closing of Rs. 62.00 on the BSE.
The scrip opened at Rs. 62.60 and has touched a high and low of Rs. 62.70 and Rs. 61.70 respectively. So far 27151 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 01-Apr-2019 and a 52 week low of Rs. 58.10 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 66.50 and Rs. 61.70 respectively. The current market cap of the company is Rs. 8495.30 crore.
The promoters holding in the company stood at 87.58%, while Institutions and Non-Institutions held 7.90% and 4.52% respectively.
Oriental Bank of Commerce has received in-principle approval for amalgamation of the Bank and United Bank of India into Punjab National Bank (PNB) and commencement of the amalgamation process, subject to all applicable approvals.
The Board of Directors of the Bank in its meeting held on September 18, 2019, approved the same.
Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.