Orbit Exports trades jubilantly on completing setting up of new project
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Orbit Exports is currently trading at Rs. 79.85, up by 8.15 points or 11.37% from its previous closing of Rs. 71.70 on the BSE.
The scrip opened at Rs. 73.05 and has touched a high and low of Rs. 86.00 and Rs. 73.05 respectively. So far 24506 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.40 on 27-Jul-2021 and a 52 week low of Rs. 54.50 on 05-Oct-2020.
Last one week high and low of the scrip stood at Rs. 86.00 and Rs. 70.15 respectively. The current market cap of the company is Rs. 221.67 crore.
The promoters holding in the company stood at 65.88% and Non-Institutions held 34.12%.
Orbit Exports has completed setting up of the Process / Dyeing House situated at Plot no. 13 to 20, GIDC, Sarigam Industrial Estate, Taluka, Umbergaon, District, Valsad, Gujarat, which was acquired in the month of August 2020 and the operations have started there from September 28, 2021.
The company had also completed setting up of the waterjet looms at an Industrial Plot no 30, Fairdeal Textile Park, Village Mahuvej, Taluka, Mangrol, District, Surat, which was acquired in the month of February 2021. The said Plant has also started operations from September 28, 2021.
Orbit Exports is one of India’s largest exporters of novelty fabrics.
