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Orient Refractories trades in green on the BSE

15 Apr 2013 Evaluate

Orient Refractories is currently trading at Rs. 36.40, up by 1.00 points or 2.82% from its previous closing of Rs. 35.40 on the BSE.

The scrip opened at Rs. 33.05 and has touched a high and low of Rs. 37.20 and Rs. 33.05 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.65 on 04-Jan-2013 and a 52 week low of Rs. 22.80 on 13-Apr-2012.

The current market cap of the company is Rs. 437 crore. The promoters holding in the company stood at 43.62% while Institutions and Non-Institutions held 2.53% and 53.03% respectively.

Credit rating agency, CARE has reaffirmed A+ rating to Orient Refractories’ long-term bank facilities worth Rs 40 crore. The rating agency has also reaffirmed A1+ rating to the company’s short-term bank facilities worth Rs 5 crore.

The company has received the said rating reaffirmation on the back of its established track record, experienced promoters and its prominent position in the industry.

Orient Refractories (ORL) is a new entity spun out of Orient Abrasives (OAL) and is engaged in manufacturing refractories and monolithics.

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