Stock market analyst Salil Sharma has maintained 'hold' rating on Oriental Bank of Commerce (OBC) stock with short term target of Rs 394.

According to analyst, the interested investors can buy the stock with stop loss of Rs 371

Today, the stock of the bank opened at Rs 378 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 45.29 and 8.80 respectively.

The share price has seen a 52-week high of Rs 384.50 and a low of Rs 163 on BSE.

Oriental Bank of Commerce (OBC) has recorded a growth of 41.14% in its net profit at Rs 363.31 crore for the three month period ended June 30.

The public sector lender reported a growth of 8.92% in its total income, which stood at Rs 3,045.54 crore for Apr-June period as compared to Rs 2,796.10 crore during the year-ago period.

OBC stated that it will appraise its depository rates on Saturday, accompanying the central bank's move to raise short-term policy rates earlier this week.

After announcing the first quarter results, OBC chairman and managing director TY Prabhu said, "We will take a view on the deposit rates in our ALCO (Asset Liability Committee) meeting on Saturday."