India's Oriental Bank gains; Goldman Sachs upgrades

Written by Reuters | Updated: Oct 13 2014, 18:06pm hrs
State-run Oriental Bank of Commerce Ltd gains 2.5 percent.

Goldman Sachs upgrades to "buy" from "neutral".

Cites valuations after recent share falls.

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

Lender's shares have fallen 30 percent over the last 3 months compared with a 1 percent gain in the NSE bank index.