As of October 9th at 1:00 PM, the shares of Orient Technologies are trading at ₹284.65, reflecting an impressive increase of 9.12% compared to the previous closing price. The broader market, as indicated by the Sensex, is also performing well, trading at ₹81,993.56, up by 0.44%. During today’s trading session, the stock reached a high of ₹287.4 and a low of ₹261.6, showcasing some volatility but overall strong performance.
Technical Analysis
From a technical perspective, Orient Technologies is currently trading above the Simple Moving Averages (SMA) for 5, 10, 50, 100, and 300 days, which is a positive sign for investors looking for long-term growth. However, it is trading below the 20-day SMA, indicating potential short-term resistance. Traders should be aware that the stock will have support levels at the 5, 10, 50, 100, and 300-day SMAs, while facing resistance at the 20-day SMA. Monitoring these levels can provide insights into potential price movements and trends.
SMA Values Overview
The specific SMA values for Orient Technologies will provide further context for investors and traders as they assess the stock’s trajectory. Keeping an eye on these indicators can aid in making informed decisions.
Shareholding Structure
As per the filings for the August quarter, Orient Technologies has a solid promoter holding of 73.21%. This high level of promoter confidence typically signals stability and long-term vision for the company. Additionally, the stock features minimal Mutual Fund (MF) holdings at just 0.11%, which may suggest a less favorable perception among mutual fund managers. In contrast, Foreign Institutional Investors (FIIs) hold 6.49% of the shares, indicating some level of overseas interest in the company.
Changes in FII Holding
The latest data indicates a shift in FII holding, with a change from
