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HomeMarketStocksBuy Orient Electric, target price Rs 375: BNP Paribas

Buy Orient Electric, target price Rs 375: BNP Paribas


Securities has purchase name on Orient Electric with a goal worth of Rs 375. The present market worth of . is Rs 265.2.

Orient Electrical Ltd., integrated within the yr 2016, is a Mid Cap firm (having a market cap of Rs 5640.25 Crore) working in Shopper Durables sector.

Ltd. key Merchandise/Income Segments embrace Electrical Tools, Scrap, Export Incentives for the yr ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the corporate reported a Standalone Complete Revenue of Rs 517.06 Crore, down -17.51 % from final quarter Complete Revenue of Rs 626.82 Crore and down -13.20 % from final yr similar quarter Complete Revenue of Rs 595.72 Crore. Firm reported internet revenue after tax of Rs -.28 Crore in newest quarter.


Promoter/FII Holdings
Promoters held 38.42 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 6.16 per cent, DIIs 26.95 per cent.

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