Avoid Oriental Bank of Commerce: Sudarshan Sukhani

Written By Unknown on Senin, 21 April 2014 | 16.03

Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Oriental Bank of Commerce and prefer Punjab and National Bank, Andhra Bank and Bank of Baroda.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Oriental Bank of Commerce is not my favorite public sector undertaking (PSU) banks. There are other opportunities like Punjab National Bank  (PNB), Bank of Baroda , Andhra Bank  and Canara Bank  which is a very high beta stock. Oriental Bank of Commerce can easily be avoided."

At 13:55 hrs Oriental Bank of Commerce was quoting at Rs 238.75, up Rs 10.20, or 4.46 percent. It has touched an intraday high of Rs 243 and an intraday low of Rs 229.30.

The share touched its 52-week high Rs 290.50 and 52-week low Rs 121.40 on 25 April, 2013 and 29 August, 2013, respectively. Currently, it is trading 17.81 percent below its 52-week high and 96.66 percent above its 52-week low. Market capitalisation stands at Rs 7,158.89 crore.


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