Oriental Veneer Products surges with its arm securing order from Indian Railways

10 Dec 2018

Oriental Veneer Products is currently trading at Rs. 61.45, up by 0.60 points or 0.99% from its previous closing of Rs. 60.85 on the BSE.

The scrip opened at Rs. 61.65 and has touched a high and low of Rs. 63.65 and Rs. 58.50 respectively. So far 10142 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 72.80 on 09-May-2018 and a 52 week low of Rs. 37.00 on 09-Jan-2018.

Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 50.25 respectively. The current market cap of the company is Rs. 315.33 crore.

The promoters holding in the company stood at 57.85%, while the Non-Institutions held 42.15% stake in the company.

Oriental Veneer Products’ wholly owned subsidiary -- Oriental Foundry has secured order worth Rs 152.31 crore from Indian Railways for manufacturing and supplying Wagons. This is the highest ever single value order bagged by Oriental Foundry.

Oriental Veneer Products is engaged in the manufacturing of wood-based resin impregnated densified laminated boards.

Related Oriental Rail Infrastructure Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323