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Oriental Veneer Products advances on bagging orders worth Rs 27.90 crore from Indian Railways

09 Mar 2016

Oriental Veneer Products is currently trading at Rs. 877.00, up by 4.50 points or 0.52% from its previous closing of Rs. 872.50 on the BSE.

The scrip opened at Rs. 860.50 and has touched a high and low of Rs. 877.00 and Rs. 860.50 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 878.75 on 04-Mar-2016 and a 52 week low of Rs. 245.00 on 09-Apr-2015.

Last one week high and  low of the scrip stood at Rs. 878.75 and Rs. 816.25 respectively. The current market cap of the company is Rs. 472.73 crore.

The promoters holding in the company stood at 54.25% while Non-Institutions held 45.75% respectively.

Oriental Veneer Products has received purchase orders during period commencing from December 01, 2015 to January 31, 2016 from the Indian Railways. The cumulative estimated value of orders is Rs 27.90 crore.

Oriental Veneer Products is a public limited company and promoted by the Mithiborwala group. The group is actively involved and engaged in the manufacture of wood based resin impregnated densified laminated boards (Compreg) for over 30 years now.

Related Oriental Rail Infrastructure Ltd. Links:

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