Orient Electric shares jump on strong Q2 results
In short
Orient Electric shares rose as much as 2.8% on Friday. The stock has climbed more than 30% in two weeks after the company said Q2FY27 revenue grew 25.15% year on year.
ICICI Securities kept a Buy rating and a ₹240 target price. It is not stated what else the company said about future growth.
What the reporting says
Orient Electric shares rose as much as 2.8% on Friday after the company reported strong Q2FY27 results, including 25.15% year-on-year revenue growth. The stock had already rallied more than 30% over two weeks, and ICICI Securities kept a Buy rating with a ₹240 target price. The reporting does not state whether the company gave any further guidance or what drove the sales growth.
Why it matters
Orient Electric’s share price gained after the company reported strong Q2FY27 performance and 25.15% revenue growth, while ICICI Securities maintained a Buy rating and a ₹240 target price. The move extended a rally of more than 30% over two weeks. The reporting does not state the profit figures, margin trends, or management commentary behind the results.