Orbit Exports advances as ICRA upgrades long term rating for Line of credit

13 Jun 2013

Orbit Exports is currently trading at Rs 79.70, up by 0.70 points or 0.89% from its previous closing of Rs 79.00 on the BSE.

The scrip opened at Rs 79.00 and has touched a high and low of Rs 84.95 and Rs 78.50 respectively. So far 59291 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 90.00 on 11-Jun-2013 and a 52 week low of Rs 41.00 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs 90.00 and Rs. 75.00 respectively. The current market cap of the company is Rs. 105.99 crore.

The promoters holding in the company stood at 48.83% while  Non-Institutions 51.17% of the stake.

ICRA has upgraded Orbit Exports’ Long Term Rating of enhancement of Line(s) of Credit (LOC) from Rs 40 crore to Rs 45 crore. The rating agency has upgraded Long Term Rating of the said LOC from BBB to BBB+.

Similarly, the rating agency has also upgraded Short Term Rating assigned to the captioned LOC from A2 to A2+.

Orbit Exports, a company registered under the Indian Companies Act, 1956, is a government recognized Star Export House engaged in the manufacture and export of fancy fabrics.

Related Orbit Exports Ltd. Links:

Orbit Exports Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323