Orient Electric gains on expanding air coolers range with high capacity models
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Orient Electric is currently trading at Rs. 212.65, up by 1.40 points or 0.66% from its previous closing of Rs. 211.25 on the BSE.
The scrip opened at Rs. 210.30 and has touched a high and low of Rs. 215.20 and Rs. 210.30 respectively. So far 36931 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 262.95 on 14-Jul-2023 and a 52 week low of Rs. 189.10 on 14-Feb-2024.
Last one week high and low of the scrip stood at Rs. 215.80 and Rs. 206.80 respectively. The current market cap of the company is Rs. 4580.97 crore.
The promoters holding in the company stood at 38.31%, while Institutions and Non-Institutions held 35.16% and 26.53% respectively.
Orient Electric has expanded its already extensive lineup of air coolers with addition of new high-capacity models across Desert and Commercial categories. With larger tank capacities, advanced features and superior performance, these high-capacity coolers cater to larger spaces and more demanding cooling needs. The company is eyeing high double-digit growth in air coolers this season.
Some of the new models launched include Smartchill 125L, Avante 105L and Titan 100L in desert cooler category and Maxochill 100L in commercial cooler category. These coolers come equipped with fan blades with Aero Fan technology which ensures an impressive and longer air throw of up to 60-feet.
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.
