Ortel Communications surges on incorporating wholly-owned subsidiary

07 Mar 2018 Evaluate

Ortel Communications is currently trading at Rs. 26.85, up by 0.75 points or 2.87% from its previous closing of Rs. 26.10 on the BSE.

The scrip opened at Rs. 27.25 and has touched a high and low of Rs. 27.25 and Rs. 26.85 respectively. So far 14 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.00 on 31-Mar-2017 and a 52 week low of Rs. 26.00 on 06-Mar-2018.

Last one week high and low of the scrip stood at Rs. 27.25 and Rs. 26.00 respectively. The current market cap of the company is Rs. 81.83 crore.

The promoters holding in the company stood at 51.78%, while Institutions and Non-Institutions held 26.29% and 21.93% respectively.

Ortel Communications has incorporated a wholly-owned subsidiary in the name of ‘Ortel Broadband’ on February 28, 2018 registered with the Registrar of Companies (ROC) Delhi under Ministry of Corporate Affairs. The business of Ortel Broadband is in line with the main business activities of the company.

Ortel Communications is a leading cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telangana & West Bengal.

Ortel Communications Share Price

1.95 0.00 (0.00%)
28-Oct-2024 16:01 View Price Chart
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