Orient Electric climbs on starting commercial production from Hyderabad manufacturing plant

08 May 2024 Evaluate

Orient Electric is currently trading at Rs. 230.50, up by 8.90 points or 4.02% from its previous closing of Rs. 221.60 on the BSE.

The scrip opened at Rs. 225.95 and has touched a high and low of Rs. 231.20 and Rs. 220.85 respectively. So far 24169 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 262.95 on 14-Jul-2023 and a 52 week low of Rs. 189.10 on 14-Feb-2024.

Last one week high and low of the scrip stood at Rs. 232.00 and Rs. 218.10 respectively. The current market cap of the company is Rs. 4912.75 crore.

The promoters holding in the company stood at 38.31%, while Institutions and Non-Institutions held 33.72% and 27.97% respectively.

Orient Electric has commenced the Commercial Production from its greenfield manufacturing plant at Hyderabad, Telangana. The Commercial Production has been commenced on May 6, 2024. 

Earlier, the company had expanded its already extensive lineup of air coolers with addition of new high-capacity models across Desert and Commercial categories. With larger tank capacities, advanced features and superior performance, these high-capacity coolers cater to larger spaces and more demanding cooling needs. 

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

244.10 1.60 (0.66%)
23-Dec-2024 09:57 View Price Chart
Peers
Company Name CMP
Crompt.Greaves Cons. 386.85
Whirlpool Of India 1899.70
Bajaj Electricals 769.70
IFB Industries 1815.40
Orient Electric 244.10
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