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Orient Abrasives spurts on getting nod for proposed scheme of demerger

20 Sep 2011 Evaluate

Orient Abrasives is currently trading at Rs. 34.75, up by 1.00 points or 2.96% from its previous closing of Rs. 33.75 on the BSE.

The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 35.30 and Rs. 34.15 respectively. So far 9482 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.65 on 11-Nov-2010 and a 52 week low of Rs. 27.00 on 24-Sep-2010.

Last one week high and low of the scrip stood at Rs. 35.50 and Rs. 33.60 respectively. The current market cap of the company is Rs. 403.78 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 0.05% and 48.82% respectively. 

Orient Abrasives has received an approval for the proposed scheme of demerger between Orient Abrasives and Orient Refractories. The company has received an approval from High Court of Delhi in a hearing held on September 19, 2011. The appointed date of the scheme is April 01, 2011.

Orient Abrasives offers a wide range of Refractory and Monolithic products for the iron and steel industry, which enjoys large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives. This makes OAL the preferred choice for quality products.

Orient Ceratech Share Price

41.50 -0.30 (-0.72%)
22-Apr-2026 13:13 View Price Chart
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