Dear Friends, Good Evening," Orient Abrasives Ltd " 7ake this for short term

Orient Abrasives Ltd ( Multibagger) Category No. of shares (%) Promoters 47,493,020 39.70 Foreign Promoters 28,554,809 23.87 General Public 22,098,104 18.47 Foreign Institutions 15,824,034 13.23 Others 5,645,181 4.72 Financial Institutions 24,052 0.02 Orient Abrasives Limited is an Indiabased company, which is engaged in the manufacturing of fused grains, monolithics and calcined products. The Company's segments include Fused Aluminium Oxide Grains, including calcined products and refractories monolithics, and Electricity (Power Division). The Company, through the Abrasives Grains division at Porbandar, manufactures calcined bauxite and fused aluminum oxide abrasive grains, which are used in the manufacture of refractories and grinding wheels, and coated abrasives. It manufactures refractory castables and monolithics, which are used in the cement and steel industries. Through Power division, the Company operates a total thermal power plant capacity of over 20 Megawatts, in which approximately 10 Megawatts is based on coal and 10 Megawatts on furnace oil. It also has wind power generation capacity of approximately 11.1 Megawatts. It sells the power generated by these plants to the respective state power distribution companies. Stock is in Uptrend :- Buy at CMP 54, Targets 85 to 115 , Time Frame - 3 to 12 Months, SL - 41