Orient Bell soars on completing expansion at Hoskote plant
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Orient Bell is currently trading at Rs. 628.00, up by 29.10 points or 4.86% from its previous closing of Rs. 598.90 on the BSE.
The scrip opened at Rs. 598.90 and has touched a high and low of Rs. 629.90 and Rs. 598.90 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 831.00 on 20-Jul-2022 and a 52 week low of Rs. 317.60 on 25-Oct-2021.
Last one week high and low of the scrip stood at Rs. 633.50 and Rs. 539.10 respectively. The current market cap of the company is Rs. 866.07 crore.
The promoters holding in the company stood at 64.31%, while Institutions and Non-Institutions held 0.37% and 35.31% respectively.
Orient Bell has completed the expansion at its Hoskote plant in Bengaluru in the state of Karnataka involving capex of Rs 34 crore well ahead of schedule. With this the total capacity of the company has increased from 32 MSM p.a. to 33.8 MSM p.a. (includes 10 MSM p.a of the associated entities).
Orient Bell is engaged in the manufacturing of ceramic tiles.
