Orient Electric is currently trading at Rs. 257.35, up by 0.75 points or 0.29% from its previous closing of Rs. 256.60 on the BSE.
The scrip opened at Rs. 252.50 and has touched a high and low of Rs. 261.60 and Rs. 252.50 respectively. So far 667 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 286.45 on 20-Feb-2020 and a 52 week low of Rs. 134.50 on 26-Mar-2019.
Last one week high and low of the scrip stood at Rs. 274.65 and Rs. 243.55 respectively. The current market cap of the company is Rs. 5444.68 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 range of energy efficient inverter air-coolers powered by ECM (electronically commutated motor) technology, which is claimed to save up to 50 percent energy. The company which has a market share of 12 percent currently is eyeing 25 percent market share in the air-cooler segment in the next two years.
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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