Oriental Veneer Products shines on bagging orders worth Rs 321 million

03 Sep 2019

Oriental Veneer Products is currently trading at Rs. 58.80, up by 2.30 points or 4.07% from its previous closing of Rs. 56.50 on the BSE.

The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 62.40 and Rs. 57.00 respectively. So far 1860 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.90 on 03-Sep-2019 and a 52 week low of Rs. 37.00 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 62.40 and Rs. 55.65 respectively. The current market cap of the company is Rs. 316.95 crore.

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

Oriental Veneer Products has secured orders worth Rs 320.58 million from 'Integral Coach Factory (ICF)'. Earlier in July, Oriental Veneer Products’ wholly owned subsidiary -- Oriental Foundry had achieved another milestone by receiving approval from Government of India-Ministry of Railways Research Designs & Standards Organisation, Lucknow, for its Prototype product BOXHNL Wagons.

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


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Puchho Befikar
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