Orbit Corporation is currently trading at Rs. 59.75, down by 1.80 points or 2.92% from its previous closing of Rs. 61.55 on the BSE.
The scrip opened at Rs. 62.30 and has touched a high and low of Rs. 62.45 and Rs. 59.20 respectively. So far 157053 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.90 on 22-Feb-2012 and a 52 week low of Rs. 25.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 68.90 and Rs. 59.20 respectively. The current market cap of the company is Rs. 678.07 crore.
The promoters holding in the company stood at 47.51% while Institutions and Non-Institutions held 2.06% and 50.43% respectively.
Orbit Corporation is considering a proposal whereby it may acquire Mazda Construction Company. The board will meet on February 28, 2012 to consider, discuss and transact the business.
Orbit Corporation pursues redevelopment opportunities in the Island city of Mumbai. The company has developed properties spanning over 1.5 million square feet worth several hundred crore, in the prime areas of south Mumbai like Babulnath, Tardeo, Worli, Prabhadevi, Gamdevi.