Orbit Exports is currently trading at Rs. 74.05, up by 1.05 points or 1.44% from its previous closing of Rs. 73.00 on the BSE.
The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.80 and Rs. 74.00 respectively. So far 130 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.90 on 23-Sep-2019 and a 52 week low of Rs. 47.00 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 80.65 and Rs. 66.50 respectively. The current market cap of the company is Rs. 202.77 crore.
The promoters holding in the company stood at 65.88% and Non-Institutions held 34.12%.
Orbit Exports has acquired three adjoining industrial plots admeasuring 18,960 sq. mtrs. including the building and structure thereon situated at Sarigam Notified Industrial Area, in Gujarat on August 21, 2020.
Through this acquisition, the company is setting up a Process/ Dyeing House which will help to add value to its existing product and make inroads into new product lines. The initial phase of the setup is expected to be completed within a span of nine months and will require an estimated capital expenditure of approximately Rs 44 crore including the cost of industrial land and building acquired.
Orbit Exports is an India-based company engaged in the manufacture and export of novelty fabrics and madeups. The Company deals in fancy textiles that find its uses in Christmas craft, ladies dress material and home textiles.