Orbit Exports completes installation of new water jet looms at production unit in Surat; Stock up 3%

10 Oct 2022 , 11:24 AM

Orbit Exports Limited stocks rally in the market on Monday’s trading session after capacity enhancement by installing new water jet rooms.

As per the filing, the company has successfully completed the installation of new water jet looms at its production unit situated at Plot 30, Fairdeal Textile Park, Village Mahuvej, Surat – 394102. The new looms will increase the total production capacity of the fabric by 20% from the exiting capacity, the company said.

At around 11:22 AM, Orbit Exports Ltd is currently trading at Rs167.10 per share up by Rs5 or 3.08% from its previous closing of Rs162.10 per share on the BSE.

The scrip opened at Rs166.90 per share and has touched a high and low of Rs170.55 per share and Rs166.90 per share respectively so far today. The current market cap of the company is Rs443.88 crore.

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