Technical analyst Kiran Jadhav is of the view that investors can buy Oriental Bank to achieve an intraday target between Rs 352-355.

According to him, the investors will buy the stock with a strict stop loss of Rs 330.

Today, the shares of the bank opened at Rs 339.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 342.80 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 40.45 and 8.51 respectively.

Oriental Bank of Commerce declared that a meeting of the bank's directors will take place on April 29, 2010, to consider and sanction the Audited Financial Results of the Bank for the fiscal ended March 31, 2010 and to recommend dividend, if any.

The Oriental Bank of Commerce will employ 1,600 individuals, comprising 373 special officers in the existing fiscal.

OBC chairman and managing director T. Y. Prabhu said that the banking institution had appointed 1,290 staff in 2009-10.

Mr. Prabhu also said that OBC will concentrate on lending to SMEs, housing, retail and agriculture segments.

The bank's total deposits surged 22.24% to Rs 120,267 crore during 2009-10 as against Rs 98,378 crore a year ago.

OBC's total business increased by 22.45% to Rs 204,773 crore while its gross advances grew by 22.74% to Rs 84,506 crore in 2009-10.

OBC has 1,510 divisions.