Orient Electric inches up on expanding fans range with new variants

17 Dec 2020 Evaluate

Orient Electric is currently trading at Rs. 229.00, up by 1.35 points or 0.59% from its previous closing of Rs. 227.65 on the BSE.

The scrip opened at Rs. 226.90 and has touched a high and low of Rs. 230.00 and Rs. 225.95 respectively. So far 7184 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.45 on 20-Feb-2020 and a 52 week low of Rs. 138.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 218.60 respectively. The current market cap of the company is Rs. 4830.40 crore.

The promoters holding in the company stood at 38.52%, while Institutions and Non-Institutions held 28.09% and 33.39% respectively.

Orient Electric has expanded its fans range with new variants in line with the robust demand coming in from Tier-3 & 4 markets and rural parts of the country. The company has introduced two new fans namely Summer Breeze Pro and Rapid Air and has further plans to refresh an existing fan named Twister as well as augment the range in base, economy and decorative segments in the coming months. The launch is part of the company's plans to cash in on the positive rural sentiments to increase its fans market share in the next 12 months.

Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances and Switchgears.

Orient Electric Share Price

244.85 2.35 (0.97%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Crompt.Greaves Cons. 390.65
Whirlpool Of India 1850.10
Bajaj Electricals 764.50
IFB Industries 1821.25
Orient Electric 244.85
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