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07-Dec2012

Orbit Exports trades in pink of its health on the BSE

Orbit Exports is currently trading at Rs 63.45, up by 2.60 points or 4.27% from its previous closing of Rs 60.85 on the BSE.

The scrip opened at Rs 62.00 and has touched a high and low of Rs 63.45 and Rs 62.00 respectively. So far 620 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 69.30 on 15-Feb-2012 and a 52 week low of Rs 41.00 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs 62.80 and Rs 55.25 respectively. The current market cap of the company is Rs 78.73 crore.

The promoters holding in the company stood at 48.76% while Non-Institutions held 51.24% of the company's stake.

ICRA has reaffirmed 'BBB (stable)' rating assigned to Orbit Exports' Rs 13.36 crore worth Term Loan, Rs 15 crore worth Cash credit and Rs 5.64 crore worth proposed bank facilities. Further, the credit rating agency has upgraded the rating to 'A2+' for company's Rs 12.5 crore and 6 crore fun based limits, respectively.

Orbit Exports, a company registered under the Indian Companies Act, 1956, is a government recognised Star Export House engaged in the manufacture and export of fancy fabrics.


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