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Orient Abrasives gains despite promoter divesting 1% stake in company

09 Jan 2014 Evaluate

Orient Abrasives is currently trading at Rs. 18.80, up by 0.25 points or 1.35 % from its previous closing of Rs. 18.55 on the BSE.

The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 18.80 and Rs. 18.00 respectively. So far 236 shares were traded on the counter.

The BSE group 'B' stock of face value Re. 1 has touched a 52 week high of Rs. 22.50 on 06-Jun-2013 and a 52 week low of Rs. 8.62 on 30-Jan-2013.

Last one week high and low of the scrip stood at Rs. 18.90 and Rs. 17.75 respectively. The current market cap of the company is Rs. 220.73 crore.

The promoters holding in the company stood at 26.53 % while Institutions and Non-Institutions held 2.76 % and 70.71 % respectively.

Orient Abrasives’ promoters have sold an additional 12,00,000 equity shares aggregating 1% held by them in the company at a price of Rs 26.50 per equity share to Trincass Vyapaar. The promoters have sold the shares on January 08, 2014.

Last year in November, the promoters have sold 2,15,35,056 equity shares aggregating 18% held by them in the company at a price of Rs 25.50 per equity share to Bombay Minerals.

Orient Abrasives offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives

Orient Ceratech Share Price

40.50 -2.03 (-4.77%)
24-Apr-2026 16:01 View Price Chart
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