Orient Electric trades higher on launching Finstar range of portable fans
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Orient Electric is currently trading at Rs. 349.45, up by 5.75 points or 1.67% from its previous closing of Rs. 343.70 on the BSE.
The scrip opened at Rs. 347.40 and has touched a high and low of Rs. 350.00 and Rs. 345.80 respectively. So far 3329 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.20 on 30-Nov-2021 and a 52 week low of Rs. 263.35 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 356.80 and Rs. 321.20 respectively. The current market cap of the company is Rs. 7421.19 crore.
The promoters holding in the company stood at 38.52%, while Institutions and Non-Institutions held 33.93% and 27.55% respectively.
Orient Electric has launched its new Finstar range of table, wall and stand fans which offer the perfect combination of style, performance, and affordability. The launch is part of company’s plans to consolidate its portfolio and strengthen its presence in South India.
These fans are available in three elegant finishes including Red, White, and Blue to complement any contemporary space. Other than the new Finstar range of portable fans, Orient Electric has recently also expanded its Exhaust fans and Decorative fans range with new models thus offering consumers a wide selection to choose from across categories.
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
