Orbit Corporation – Real Estate Stock to Get Momentum
When last year, the real estate, construction and development company Orbit Corporation, came up with an IPO last year, it had created lot of investor interest. And now, the similar investor interest is increasing. The stock is currently trading at Rs 294.25.
The company is planning to add good number of new projects to be executed over a period of 3-7 years. These projects are at various stages of acquisition and have a total saleable area of 1.95 million sq ft. Top broking companies might come out with buy report on this company soon, which might put this scrip in momentum and hence stock can be looked at for medium to long-term investment.
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