Shares of Orient Electric surged during Friday’s trading session as it continued to build gains made over the past two weeks. The recent uptick in the stock has come after the company reported a more than two-fold increase in its net profit to ₹27.06 crore.
Orient Electric stock was trading 2.32% higher during Friday’s trading session. Its share price value has surged nearly 22.68% over the last one week, and more than 30% in last two weeks.
Premiumisation, broad-based growth across segments helped Orient Electric deliver strong performance in the second quarter of financial year 2026-27. The company’s fans segment continued to outperform supported by market share gains, premiumisation, and successful new launches.
“New products contributed over 30% of fan revenues, with BLDC fans growing 26% YoY and premium products accounting for ~40% of the fan portfolio,” read ICICI Securities report. The company also continues to expand its distribution footprint via through DTM expansion, deeper channel penetration, and cross-selling opportunities across its electrical product portfolio.
ICICI Securities maintained ‘Buy’ rating for Orient Electric stock with a target price of ₹240 per share, indicating 22% upside potential.