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Shares of Oriental Bank of Commerce have gained nearly 3.5% to Rs 232 on the BSE after Goldman Sachs upgraded the stock to “buy” from “neutral” with a target price of Rs 350.
Citing valuations after recent fall it expects Oriental Bank's fundamentals to improve, including better return on assets.
Oriental Bank of Commerce is an India-based bank established in Lahore, is one of the public sector banks in India.
The stock opened at Rs 222, touched a high of Rs 232 and a low of Rs 222 on the BSE. A total of 90,713 shares have been exchanged on the BSE so far.
