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Orient Electric Ltd Performance

Today's Low
206.00
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Today's High
210.30
52 Wk Low
189.00
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52 Wk High
262.00


Open

209.95

Traded Value (Cr)

2.73 Cr

Prev. Close

210.3

VWAP

208.47

Volume

2,44,563

Face Value

1

Orient Electric Ltd Financials

Orient Electric Ltd Financials

Orient Electric Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 38.31 % 38.31 % 38.31 % 38.31 %
Mutual Funds 25.97 % 28.49 % 29.16 % 26.91 %
Others 16.06 % 15.56 % 15.78 % 16.67 %
Retail 13.14 % 11.71 % 11.07 % 12.61 %
FII 6.52 % 5.93 % 5.69 % 5.51 %

Promoters

38.31%

Mutual Funds

25.97%

Others

16.06%

Retail

13.14%

FII

6.52%

Promoters

38.31%

Mutual Funds

28.49%

Others

15.56%

Retail

11.71%

FII

5.93%

Promoters

38.31%

Mutual Funds

29.16%

Others

15.78%

Retail

11.07%

FII

5.69%

Promoters

38.31%

Mutual Funds

26.91%

Others

16.67%

Retail

12.61%

FII

5.51%

Resistance and Support

₹197.40

PIVOT

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Resistance
First Resistance₹198.900
Second Resistance₹200.400
Third Resistance₹201.900
support-arrow
Support
First Resistance₹195.900
Second Resistance₹194.400
Third Resistance₹192.900
RSI67.580
MACD6.674
ADX12.890
CCI30.433

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day244,56355,96142.65
Week237,196121,56159.73
1 Month362,609177,58853.96
6 Months244,563103,44942.30

About Orient Electric Ltd

Orient Electric Limited became a part of diversified Indian Conglomerate CK Birla Group in year 1954. The Company has established itself as a one-stop provider of fans, lighting, home appliances, switchgears and other electrical solutions. The Company was incorporated on 10th October 2016 and became a subsidiary of Orient Paper & Industries Ltd. (OPIL). A Scheme of Arrangement had been filed with National Company Law Tribunal to demerge the Consumer Electric Business of the Holding Company (OPIL) by transferring the same on a going concern basis to the Company w.e.f. 1st March 2017, which has subsequently been approved by the National Company Law Tribunal. Pursuant to Scheme of Arrangement, shares held by Demerged Company stands cancelled and post demerger, the Company ceased to be a subsidiary of OPIL. The Company is engaged in manufacture/purchase and sale of Electrical Consumer Durables, Lighting & Switchgear products. Presently, it has manufacturing facilities at Faridabad, Noida and Kolkata. In FY 2019-2020, the Company launched the new Inverter i-Series in fans and entered into façade lighting. It also launched energy-saving inverter air-coolers in March 2020. It launched 4 products in air cooler category such as, Ultimo, Knight Desert coolers, metal coolers and inverter air coolers. A new range of Glassline Water Heaters with connected features, was introduced in the year. Further, Gas water heaters were also launched. A new Breakfast series of Kitchen appliances, like Induction cooktop, toaster etc. was launched. It introduced EyeLuv lighting series in July 2019. Powered without battery, Wireless Bells which function on kinetic bell push were launched in September 2019. It introduced IoT-enabled smart plugs in December 2019 which allow for wireless control & operation of appliances/ devices through smartphones & voice-control devices. In FY 2021, Company launched Stella range of modular switches. During FY 2022, Company redesigned its fans distribution framework in Odisha and Bihar to extract the full market potential of these territories. These alterations to OEL's distribution system were designed to gain market share within these regions. Apart from this, it expanded fan distribution network within South India to capture and reinforce under penetrated market. It acquired land in Hyderabad for a new greenfield project in FY 2022. It made notable investments in setting up R&D Centre at Faridabad; expanding Driver Plant & LED lighting facility at Noida; expanding LED Lighting facility; in the relayout of Faridabad Plant; making moulds for new products, and in various digital transformation initiatives of the Company. New launches of UV Sanitech, Emergency lighting, Supercoolers and expanded range of i-Series fans and Kitchen Appliances received significant traction and enthusiastic reception from channel partners and consumers. During the year 2022-23, the Company launched Cloud 3 Cooling Fan powered by the revolutionary CloudchillTM Technology platform. It strengthened BLDC Fans range, introducing over 10 new models. It launched instant water heaters in 5.5 litres capacity. Thereafter, it launched new water heaters with polymer body. It introduced multiple products both in B2B and B2C segments, like smart LED lights and façade lighting solutions. In Switchgear, it augmented modular switches range and launched electrical house wires for growth potential. It completed projects such as, the Ganga Barrage, the Varanasi Cantonment Railway Station, and the Puducherry Smart City during FY23.

Managing Director

Desh Deepak Khetrapal

Founded

2016

NSE Symbol

ORIENTELEC

Orient Electric Ltd Management

NameDesignation
Chandra Kant BirlaChairman (Non-Executive)
Desh Deepak KhetrapalVice Chairman & M.D.
K Pradeep ChandraIndependent Director
TCA RanganathanIndependent Director
Alka Marezban BharuchaIndependent Director
Hitesh Kumar JainCompany Sec. & Compli. Officer

Orient Electric Ltd News

Orient Electric fixes record date for interim dividend
Record date is 13 February 2024
Board of Orient Electric recommends interim dividend
Of Rs 0.75 per share
Orient Electric standalone net profit declines 25.28% in the December 2023 quarter
Sales rise 1.74% to Rs 751.93 crore
Orient Electric to conduct board meeting
On 1 February 2024
Orient Electric reports standalone net profit of Rs 18.45 crore in the September 2023 quarter
Sales rise 11.03% to Rs 566.90 crore
Orient Electric to discuss results
On 3 November 2023
Orient Electric standalone net profit rises 3.91% in the June 2023 quarter
Sales rise 13.51% to Rs 705.63 crore
Orient Electric to discuss results
On 2 August 2023
Orient Electric sells land parcel in Hyderabad for Rs 35 crore
Orient Electric said that has completed the sale of land parcels admeasuring a total of 23 acres situated in Dusakal Village Secretariat and Mekaguda Gram Panchyat, Hyderabad, Telangana, for a total consideration of Rs 35 crore.
Orient Electric sells land parcels for Rs 35 cr

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Orient Electric Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Orient Electric Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Orient Electric Ltd's share price is ₹208.10 as of April 19, 2024

The 52-week high/low price of a Orient Electric Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Orient Electric Ltd's 52-week high and low as of April 19, 2024 are ₹210.3 and ₹206 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Orient Electric Ltd stands at 38.31%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 5.93% to 6.52%.