Orient Electric Ltd Share Price (ORIENTELEC)

Electronic Consumer Durables Sector Expected to Recover - 02 Oct, 2023

Crompton, Havells, Orient, and V-Guard are expected to recover in the Electronic Consumer Durables segment as commodity prices ease, potentially leading to a resurgence in demand.

Orient Electric's ROE Expected to Rise - 19 Sep, 2023

Orient Electric Ltd's ROE is expected to rise from 13% to 23% over the next three years, with a drop in payout ratio from 35% to 28%. The company has shown growth in net income at a rate of 10%.

Orient Electric Positioned as Key Player in BLDC Ceiling Fan Market - 04 Sep, 2023

Orient Electric Ltd's position as a key player in the BLDC ceiling fan market has been highlighted, while an IFMA report notes trends in their product category.

Orient Electric Stock Surpasses 100-Day SMA - 18 Aug, 2023

Orient Electric Ltd's stock closed at Rs 239.45 on August 17, surpassing its 100-day Simple Moving Average.

Orient Electric's Q1FY24 Revenue Grows 14% YoY - 08 Aug, 2023

Orient Electric's Q1FY24 revenue grew by 14% YoY, led by 16% growth in the ECD portfolio. B2B lighting grew 40% YoY while soft B-C demand and price erosion led to lighting growth moderating to 8% YoY. GM expanded by 290bps YoY to 30.7%. Maintain REDUCE.

Orient Electric Reports Rise in Q1 Profit - 02 Aug, 2023

Orient Electric Ltd reports a 3.9% rise in standalone net profit for Q1FY24 and a 13.51% increase in revenue YoY.

Orient Electric Declares Dividend and Completes Land Sale Transaction - 26 Jul, 2023

Orient Electric Ltd announces a final dividend of ₹0.75 per equity share and completes the sale of land parcels totalling 23 acres in Hyderabad, Telangana, for a consideration of ₹35 crores.

Orient Electric Ltd Reduces Dividend - 17 Jul, 2023

Orient Electric Ltd is reducing its dividend to ₹0.75 from last year's comparable payment, with a dividend yield of 0.6%. The company has only grown EPS at 3.3% per annum over the past five years and pays out a lot of earnings to shareholders.

Orient Electric Outperforms 100 SMA, Recommended Buy - 10 Jul, 2023

Orient Electric Ltd's stock price closed at Rs 252.30, surpassing the 100 SMA of Rs 246.03. A recommendation was made to buy with a target of Rs 270 and stop loss of Rs 242.