Brands such as Orient Electric and Bajaj Electricals are aiming for even higher growth rates than industry growth levels this summer season

Fan makers betting on growth revival with energy-efficient products, longer summer season

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 Cloud 3 Fan review: Quite a mist-ical experience, literally

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.

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

With summer approaching, Orient Electric Ltd expects a ‘natural drift’ in growth coming from the fan segment, housing segment and the replacement market.

Orient Electric Expects Good Growth From Fans & Coolers As Summer Approaches

Gillette India shares would turn ex-dividend today. Gillette India had announced an interim dividend of Rs 35 per share. Today is also the record date for the same. The dividend will be paid on February 28.

Gillette, Orient Electric and Greenpanel to go ex-dividend; LIC, Zomato, Adani Total Gas Q3 results today

With steady investments to strengthen width, depth of distribution, it will likely be able to gain market share, improve margin.

Orient Electric Q3 Results Review - Benefits Of Investments In Direct Distribution Visible: ICICI Securities

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

Orient Electric standalone net profit declines 14.50% in the December 2022 quarter

Orient Electric is facing multiple transitory issues such as introduction of BEE norms in fans, steep volatility in raw material prices and restructuring of distribution network

Orient Electric, Gujarat Gas, Adani Wilmar & Titan: What analysts say on these 4 stocks

Leading brands operating in the segment are Orient Electric, Havells, Crompton Greaves Consumer Electricals, Usha International, Luminous Power etc. The category is witnessing a rise in rural penetration with increased electrification, while in urban markets, the replacement cycle is getting shorter…

Ceiling fans get costlier as BEE’s revised norms mandate star labelling

Broker’s Call: Orient Electric (Buy)

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Orient Electric is focused on providing lifestyle electrical solutions which include fans, lighting, home appliances and switchgears