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.

15 May 2023, 12:00AM

201.83

-0.43%

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 264.33 from 3 brokers.

Orient Electric Ltd.

06 Apr 2023

201.83

-0.43%

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

201.83

-0.43%

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 264.33 from 3 brokers.

Orient Electric Ltd.

31 Mar 2023

201.83

-0.43%

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

201.83

-0.43%

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

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

28 Feb 2023

201.83

-0.43%

Orient Electric expects good growth from fans, coolers as summer approaches

Business Standard

As summer sets in with predictions of harsh temperatures, CK Birla firm Orient Electric expects a good growth in revenue in FY24 from its fans and cooler business, MD & CEO Rakesh Khanna said. With summer approaching, Orient Electric Ltd (OEL) expects a "natural drift" in growth coming from the fan segment, housing segment and the replacement market. "Lighting will also grow well for us as in B2B, we are growing fast. Coolers, in the last three years, have faced headwinds because of COVID and this is the first year after COVID... Summer is likely to be very good, so cooler is going to do very well," Khanna told PTI. Asked about early trends from its dealers and channel partners, he said for cooler, growth is taking place. "For fan, January was muted but now it is taking off." OEL operates in consumer durables, lighting and switchgear products. In 2021-22, its revenue from operations was Rs 2,448 crore. It has two segments, Electrical Consumer Durables (ECD), which contributed 73 .

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

31 Jan 2023

201.83

-0.43%

Orient Electric Results Earnings Call for Q3FY23

Conference Call with Orient Electric Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Orient Electric Ltd.

31 Jan 2023

201.83

-0.43%

Orient Electric Standalone December 2022 Net Sales at Rs 739.04 crore, up 8.95% Y-o-Y

Moneycontrol

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Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

31 Jan 2023

201.83

-0.43%

Orient Electric (HOLD): Back on track with Q3 rebound

Hold: Orient Electric Ltd.

Target

BOB Capital Markets Ltd.

Topline boosted by better ECD performance; profitability turns positive with sequential margin expansion

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

31 Jan 2023

201.83

-0.43%

Benefits of investments in direct distribution visible

Accumulate: Orient Electric Ltd.

ICICI Securities Limited

Orient had commenced transition to direct to market (DTM) distribution to reduce dependence on wholesale and super distribution in FY22. We note there are visible benefits of this strategy with 60% revenue growth YoY in states where shift to DTM is complete.

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Is Orient Electric Ltd. worth buying?

184 Votes:

Buy 79.89%

Sell 10.33%

Hold 9.78%

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