Orient Paper trades higher on the BSE

Orient Paper & Industries is currently trading at Rs. 21.90, up by 0.30 points or 1.39% from its previous closing of Rs. 21.60 on the BSE. The scrip opened at Rs. 21.90 and has touched a high and low of Rs. 22.65 and Rs. 21.50 respectively. So far 122154 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.20 on 22-Apr-2014 and a 52 week low of Rs. 4.30 on 12-Aug-2013. Last one week high and low of the scrip stood at Rs. 23.20 and Rs. 15.90 respectively. The current market cap of the company is Rs. 445.59 crore. The promoters holding in the company stood at 38.23% while Institutions and Non-Institutions held 23.75% and 38.01% respectively. Orient Paper & Industries has reported the operational performance of Electrical Division of the company for January to March, 2014 period. The production for January to March period stood at 3,222,487 units while export sales stood at 381,444 units for the same period. On monthly basis, the production of Fan for January, 2014 stood at 908,178 units, while the export sales of Fan for the same month stood at 126,719 units. Besides, the production of Fan for February, 2014 stood at 1,057,104 units, while the export sales of Fan for the same month stood at 127,151 units; while the production of Fan for March, 2014 stood at 1,257,205 units, while the export sales of Fan for the same month stood at 127,574 units. Orient Paper & Industries is part of the C K Birla Group. Today it has emerged as a multi-product, multi-location company. The company manufactures and markets range of fans under the name Orient Fans. It manufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.