India Ratings (Ind-Ra) has placed the Long-Term Issuer Rating of the Bank on 'Rating Watch Evolving (RWE)' following the Ministry of Finance's announcement regarding the proposed amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.
Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.65.05 as compared to the previous close of Rs. 66.65. The total number of shares traded during the day was 112048 in over 875 trades.
The stock hit an intraday high of Rs. 66.85 and intraday low of 64.6. The net turnover during the day was Rs. 7331992.