The block deal constituted 0.20% of the bank's equity.

Meanwhile, the BSE Sensex was up 429.61 points, or 2.84%, 15,556.61.

On BSE, 56,484 shares were traded in the counter. The stock had an average daily volume of 1.99 lakh shares in the past one quarter.

The stock hit a high of Rs 183.90 and a low of Rs 178.50 so far during the day. The stock hit a 52-week high of Rs 202.80 on 20 May 2009 and a 52-week low of Rs 94.60 on 12 March 2009.

The mid-cap bank stock had outperformed the market over the past one month till 9 June 2009, gaining 37.21% as compared to the Sensex's return of 27.37%. It had also outperformed the market in the past one quarter, rising 80.88% as compared to the Sensex's return of 85.37%.

The bank's current equity is Rs 250.54 crore. Face value per share is Rs 10.

The current price of Rs 179.60 discounts the bank's Q4 March 2009 annualized EPS of Rs 31.26, by a PE multiple of 5.75.

Oriental Bank of Commerce (OBC) reported net profit of Rs 195.82 crore in Q4 March 2009 as compared to net loss of Rs 99.44 crore in Q4 March 2008. Operating income rose 29.9% to Rs 2689.38 crore in Q4 March 2009 over Q4 March 2008.

The bank's gross non-performing assets (NPA) fell 17.34% to Rs 1058.12 crore as at 31 March 2009 from Rs 1280.10 crore as on 31 March 2008. The ratio of gross NPA to gross advances declined to 1.53% as of 31 March 2009 from 2.31% as of 31 March 2008. The net NPA as of 31 March 2009 was at 0.65% of net advances, the bank said.

OBC provides banking services including accepting deposits, providing loans, financing and other related services to consumers and industries.

The government of India holds 51.09% of stake in the bank (as on 31 March 2009).