Orient Electric Ltd. News and Updates

Name: Latest research reports of Orient Electric Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Orient Electric Ltd.
Rating: 4
Author: ICICI Securities Limited

Keep track of all breaking news on Orient Electric Ltd. from all sources in a single place.

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Orient Electric Ltd.

08 Aug 2023, 11:50AM

199.83

1.35%

Reduce Orient Electric; target of Rs 230 : HDFC Securities

Moneycontrol

HDFC Securities recommended reduce rating on Orient Electric with a target price of Rs 230 in its research report dated August 04, 2023.

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

03 Aug 2023

199.83

1.35%

Strong growth across segments with recovery in margins

Accumulate: Orient Electric Ltd.

ICICI Securities Limited

Orient faced multiple extraordinary events such as regulatory changes in fans, steep inflation and distribution restructuring in FY23. It led to 340bps EBITDA margin contraction and 40% PAT decline in FY23 YoY. We believe most of these issues are behind now and the company is likely to report strong performance across segments in FY24-25.

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

26 Jul 2023

199.83

1.35%

Orient Electric completes sale of land parcels; shares inch up

Business Line

The sale transaction, which took place on July 25, 2023, involved land located in Dusakal Village Secretariat and Mekaguda Gram Panchyat

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

16 May 2023

199.83

1.35%

Reduce Orient Electric; target of Rs 230: HDFC Securities

Moneycontrol

HDFC Securities recommended reduce rating on Orient Electric with a target price of Rs 230 in its research report dated May 15, 2023.

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

15 May 2023

199.83

1.35%

Orient Electric (HOLD): Weak end to a challenging FY23

Hold: Orient Electric Ltd.

Target

BOB Capital Markets Ltd.

Growth in lighting & switchgears (+12% YoY) offset by decline in ECD business (-20%) as fans business underperformed in Q4

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

15 May 2023

199.83

1.35%

High trade inventory at beginning of quarter and unseasonal rains affected ECD segment

Accumulate: Orient Electric Ltd.

Target

ICICI Securities Limited

As per our channel checks, trade inventory of fans was ~6 weeks at beginning of Q4FY23 compared to normal inventory of 1-2 weeks. As trade needs to reduce investments in non-star rates fans before Q2FY24, the primary sales of fans declined.

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

06 Apr 2023

199.83

1.35%

Singer India hits 10% upper circuit as Rakesh Khanna takes VC & MD charge

Business Standard

Khanna was the MD & CEO of Orient Electric, a leader in consumer appliances, with revenues of over Rs 2,500 crore

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

03 Apr 2023

199.83

1.35%

Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns

Business Standard

The company has appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

31 Mar 2023

199.83

1.35%

Orient Electric MD & CEO Rakesh Khanna resigns, Rajan Gupta to take over

Business Standard

Orient Electric Ltd on Friday announced the appointment of Rajan Gupta as its Managing Director and CEO as the incumbent Rakesh Khanna resigned after having a stint of 8 years. Orient Electric Ltd (OEL) at its meeting held on Friday appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company "for a period of 5 years effective from April 04, 2023, till April 03, 2028, subject to the approval of shareholders of the company," said a regulatory filing by the C K Birla Group. While Khanna's resignation shall be effective from the close of business hours on April 03, 2023, it added. Gupta joins OEL board as a full-time director and he will be based in New Delhi. Prior to this, Gupta was with Hathway Cable and Datacom, where he was the MD and CEO, and Chairman of the Board, GTPL Hathway. OEL Chairman C K Birla said: "We are deeply committed to making Orient Electric an industry leader in fans, lighting, appliances and switchgear as we .

Orient Electric Ltd. is trading below all available SMAs

Orient Electric appoints Rajan Gupta as MD & CEO, Rakesh Khanna resigns

livemint | 31 Mar 2023 2 more

Orient Electric Ltd.

23 Mar 2023

199.83

1.35%

Orient Electric Cloud 3 Fan review: Quite a mist-ical experience, literally

Business Standard

The Orient Electric Cloud 3 is a novel pedestal fan good for spaces where coolers and air conditioners cannot be installed. It is, however, not an alternative to any of these