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Orient Electric Ltd (ORIENTELEC)

₹2480.33%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Orient Electric Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 26.53% to 27.98% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 5.93% to 6.52% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Symphony Ltd has given 35.0% return, outperforming this stock by 34.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Symphony Ltd has given 15.5% return, outperforming this stock by 36.4%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 38.31% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 28.49% to 25.97% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

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    In the last 3 years, ORIENTELEC stock has moved down by -21.0%

Performance

  • Day's Low

    Day's High

    ₹241.72
    ₹252.86
  • 52 Week's Low

    52 Week's High

    ₹189
    ₹262
1 Month Return+ 11.59 %
3 Month Return+ 27.38 %
1 Year Return+ 0.87 %
Previous Close₹247.18
Open₹248.28
Volume6.94L
Upper Circuit-
Lower Circuit-
Market Cap₹5,273.98Cr

Analyst Rating

based on 15 analysts

BUY
60.00%
Buy
33.33%
Hold
6.67%
Sell

Based on 15 analysts offering long term price targets for Orient Electric Ltd. An average target of ₹251.33

Source: S&P Global Market Intelligence

Company Information

Orient Electric Ltd is an Indian multinational company incorporated in 1954. It is part of the CK Birla Group and is headquartered in New Delhi. The company operates in the consumer durables, electrical and power sectors, with a focus on lighting, fans, switchgear and wires. Orient Electric is one of the leading manufacturers of home appliances and electrical products in India.

Orient Electric's top products include fans, lighting, switchgear, wires, pumps, air conditioners and water heaters. The company's popular brands include Orient Electric, Orient Fans, Orient Bell and Orient Refrigeration. Orient Electric also has a wide range of LED lighting products, including LED bulbs, LED downlighters and LED panel lights.

Share Price: ₹248.00 per share as on 19 Jun, 2024 04:01 PM
Market Capitalisation: ₹5,273.98Cr as of today
Listing date: 14 May, 2018
Chairperson Name: Chandra Kant Birla
OrganisationOrient Electric Ltd
HeadquartersNew Delhi
IndustryConsumer Durables
E-voting on sharesClick here to vote

Key events for Orient Electric Ltd

  • Orient Electric Appoints New MD and CEO - 31 May, 2024

    CK Birla Group firm, Orient Electric, has appointed RS Negi as Managing Director and CEO effective from May 31, 2024. The current Vice-Chairman and MD, Desh Deepak Khetrapal, has resigned.

  • Orient Electric Appoints New MD and CEO - 30 May, 2024

    Ravindra Singh Negi has been appointed as the new Managing Director and CEO of Orient Electric Ltd, effective May 31. The appointment comes after the resignation of former Vice Chairman & MD Desh Deepak Khetrapal.

  • Orient Electric's Earnings Fail to Impress Investors - 21 May, 2024

    Investors seem concerned about Orient Electric's weak free cash flow and accrual ratio, which suggests that its profits may not be sustainable. The company had negative free cash flow of ₹566m in the last year despite a profit of ₹752.7m, with unusual items boosting profit by ₹187m.

  • Orient Electric's March 2024 Net Sales Up by 19.72% - 17 May, 2024

    Orient Electric reported a YoY increase of 19.72% in net sales for March 2024, but quarterly net profit decreased by 48.01%. The company's EPS also decreased from Rs. 1.16 to Rs. 0.60. Orient Electric shares closed at 214.70 on May 16, 2024 (NSE) and have given -0.99% returns over the last 6 months and -3.27% over the last 12 months.

  • Orient Electric Reports Q4 Results and High P/E Ratio - 11 May, 2024

    Orient Electric reports a decline in profits for Q4, causing negative stock returns. However, analysts predict high EPS growth in the next three years despite a high P/E ratio.

  • Orient Electric Recommends Final Dividend of Rs. 0.75 per Share - 10 May, 2024

    The board of directors of Orient Electric has recommended a final dividend of Rs. 0.75 per equity share for the financial year ended March 31, 2024, subject to shareholder approval at the AGM. The company had already paid an interim dividend of Rs. 0.75 per share earlier in the year, making a total dividend of Rs. 1.50 per share.

  • Orient Electric Reports Fall in Q4 Profit - 09 May, 2024

    Appliances maker Orient Electric reported a 48% YoY fall in its Q4 profit due to higher expenses offsetting demand. Despite strong sales of fans from Nov'23 to mid-Feb'24, subsequent sales have been tepid for the company. Shares closed lower by 7.3%.

  • Orient Electric Begins Production at New Plant - 07 May, 2024

    Orient Electric has commenced commercial production from its new greenfield manufacturing plant in Hyderabad, Telangana.

Mutual Fund Holdings

Funds Holdings
Mirae Asset Focused Fund Direct GrowthMirae Asset Focused Fund Direct Growth2.9%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.44%
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth0.75%
Kotak Small Cap Direct GrowthKotak Small Cap Direct Growth0.86%
ICICI Prudential Smallcap Fund Direct Plan GrowthICICI Prudential Smallcap Fund Direct Plan Growth1.42%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
38.31%
0.00
Foreign Institutions
6.52%
0.00
Mutual Funds
25.97%
0.00
Retail Investors
27.98%
0.00
Others
1.22%
0.00

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Orient Electric Ltd (ORIENTELEC) share price today is ₹248

Orient Electric Ltd is listed on NSE

Orient Electric Ltd is listed on BSE

  • Today’s highest price of Orient Electric Ltd is ₹252.86.
  • Today’s lowest price of Orient Electric Ltd is ₹241.72.

Today’s traded volume of Orient Electric Ltd(ORIENTELEC) is 6.94L.

Today’s market capitalisation of Orient Electric Ltd(ORIENTELEC) is ₹5273.98Cr.

Orient Electric Ltd(ORIENTELECPrice
52 Week High
₹262
52 Week Low
₹189

Orient Electric Ltd(ORIENTELEC) share price is ₹248. It is down -5.34% from its 52 Week High price of ₹262

Orient Electric Ltd(ORIENTELEC) share price is ₹248. It is up 31.22% from its 52 Week Low price of ₹189

Orient Electric Ltd(ORIENTELECReturns
1 Day Returns
0.82%
1 Month Returns
11.59%
3 Month Returns
27.38%
1 Year Returns
0.87%