Orient Abrasives board will meet on June 24 to consider dividend and bonus on equity shares on June 24. The company expect strong results to reflect in bonus and dividend decision. It expects a 5-10% topline growth going forward and OPMs at around 17-18%.
Orient Abrasive touched a 52 week high of Rs 39.40 in today’s trade. It touched an intra day high of Rs 39.40 and an intra day low of Rs 33.75 and at 15:06 PM, the share was quoting at Rs 39.25, up Rs 6.35, or 19.30%, trading with volumes of 364,156 shares, compared to its 5-day average of 45,652 shares, an increase of 697.67%. Yesterday the share closed up 4.61% or Rs 1.45 at Rs 32.90.
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