Oriental Bank gains; Goldman Sachs upgrades

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Reuters
Last Updated : Oct 13 2014 | 11:27 AM IST

Reuters Market Eye - State-run Oriental Bank of Commerce Ltd gains 2.5 percent.

Goldman Sachs upgrades to "buy" from "neutral", cites valuations after recent share falls.

It expects Oriental Bank's fundamentals to improve, including better return on assets.

The lender's shares have fallen 30 percent over the last 3 months compared with a 1 percent gain in the Bank Nifty.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 13 2014 | 11:23 AM IST

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