From mint · Sharmila Bhadoria · · 1m 10s
Orient Electric Shares Surge 31% in Two Weeks Post Q2 Results
Orient Electric shares jumped 31% in two weeks after Q2 results showed 25.15% revenue growth and ICICI Securities raised target to ₹240.
In brief
Orient Electric shares jumped 31% in two weeks after Q2 results showed 25.15% revenue growth and ICICI Securities raised target to ₹240. Orient Electric shares rose 31% in two weeks following Q2 results with 25.15% year-on-year revenue growth and ICICI Securities maintaining a ₹240 target price. Originally reported by…
Orient Electric Shares Surge
Orient Electric shares rose 2.8% on Friday, extending a two-week rally of more than 30%.
Q2 Results Show Strong Performance
The company reported revenue up 25.15% year on year to ₹879.34 crore in Q2FY27.
ICICI Securities Maintains Buy Rating
ICICI Securities kept its Buy rating with a target price of ₹240, indicating 22% upside potential.
Q2 Profit Growth
Net profit rose to ₹27.06 crore in Q2FY27 from ₹12.06 crore in Q2FY26.
Market Reaction
The stock surged 23.3% in one week and 31.85% in two weeks since results announcement.
ICICI Securities Analysis
ICICI Securities noted new products contributed over 30% of fan revenues with BLDC fans growing 26% YoY.
The essence
Orient Electric shares rose 31% in two weeks following Q2 results with 25.15% year-on-year revenue growth and ICICI Securities maintaining a ₹240 target price.
