Orbit Exports is currently trading at Rs. 113.65, up by 0.70 points or 0.62% from its previous closing of Rs. 112.95 on the BSE.
The scrip opened at Rs. 113.00 and has touched a high and low of Rs. 116.00 and Rs. 111.85 respectively. So far 2583 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 163.00 on 07-Aug-2018 and a 52 week low of Rs. 85.10 on 21-Feb-2019.
Last one week high and low of the scrip stood at Rs. 128.00 and Rs. 96.70 respectively. The current market cap of the company is Rs. 319.46 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 0.01% and 37.40% respectively.
Orbit Exports has received approval buyback fully paid up equity shares by the company having face value of Rs 10 each from open market for an amount not exceeding Rs 10 crore at a price not exceeding Rs 130 per Equity Share payable in cash which represents 7.22% and 7.07% of the total paid-up equity share capital and free reserves. The Board of Directors of the Company at its meeting held on March 18, 2019 has approved the same.
Orbit Exports is an India-based company engaged in the manufacture and export of novelty fabrics and madeups. The Company deals in fancy textiles that find its uses in Christmas craft, ladies dress material and home textiles.