VK Sharma of HDFC Securities told CNBC-TV18, "If someone is holding Oriental Bank of Commerce (OBC) then I am suggesting that should the weakness continues today then buy 230 Put around Rs 6 and stop loss at Rs 4 in case one wants to trade. If one do not want to trade then buy 230 Put at Rs 6 and possibly selling it at Rs 11 making Rs 5 in the process. However, same applies in ICICI Bank also."
At 11:15 hrs Oriental Bank of Commerce was quoting at Rs 225.85, down Rs 0.60, or 0.26 percent. It has touched an intraday high of Rs 226 and an intraday low of Rs 223.35.
The company's trailing 12-month (TTM) EPS was at Rs 32.88 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 6.86. The latest book value of the company is Rs 447.91 per share. At current value, the price-to-book value of the company was 0.5.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
