Orient Electric is currently trading at Rs. 267.70, up by 6.70 points or 2.57% from its previous closing of Rs. 261.00 on the BSE.
The scrip opened at Rs. 263.85 and has touched a high and low of Rs. 267.70 and Rs. 262.15 respectively. So far 2392 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 275.00 on 17-Feb-2020 and a 52 week low of Rs. 126.40 on 20-Feb-2019.
Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 248.80 respectively. The current market cap of the company is Rs. 5615.49 crore.
The promoters holding in the company stood at 38.52%, while Institutions and Non-Institutions held 24.48% and 36.99% respectively.
Orient Electric has launched its new i-Series range of fans powered by ECM technology that saves 50% energy as compared to ordinary fans thus promising a significant reduction in electricity bills for consumers.
The new range includes i-Floral, Hector 500, and IoT-enabled & voice-controlled i-Float fan in a variety of colours and designs to suit any setting and décor. The launch is part of company’s plans to emerge as a frontrunner in the segment of energy efficient fans while also gaining more ground in the premium fans segment.
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances and Switchgears.
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