Orbit Exports zooms on installing new water jet looms at Surat plant
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Orbit Exports is currently trading at Rs. 167.85, up by 5.75 points or 3.55% from its previous closing of Rs. 162.10 on the BSE.
The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 170.55 and Rs. 166.90 respectively. So far 1505 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.10 on 20-Sep-2022 and a 52 week low of Rs. 65.10 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 170.55 and Rs. 154.75 respectively. The current market cap of the company is Rs. 459.35 crore.
The promoters holding in the company stood at 66.12%, while Institutions and Non-Institutions held 0.02% and 33.85% respectively.
Orbit Exports has successfully completed the installation of new water jet looms at its production unit situated at Plot 30, Fairdeal Textile Park, Village Mahuvej, Surat. The new looms will increase the total production capacity of the fabric by 20% from the exiting capacity.
Orbit Exports, a Star Export House engaged in the manufacture and export of fancy fabrics.
