Orient Electric rebounds on value buying
Orient Electric spurted 12.71% to Rs 188.45 as investors stepped in to buy the stock after a steep recent correction.
The counter had dropped 21.67% over the past eight sessions. It is down 10.58% in one month, 12.91% in three months and 18.13% over the past year.Orient Electric, a part of CKA Birla Group, makes consumer electrical products in India. It offers a diverse portfolio of fans, lighting, home appliances, switches and switchgears.
Orient Electrics standalone net profit rose 15.51% to Rs 12.06 crore on a 6.43% increase in revenue from operations to Rs 702.61 crore in Q2 FY26 over Q2 FY25.
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