Orbit Corporation Grants 112000 Options under ESOP

Orbit Corporation Ltd has announced that, pursuant to the shareholders' approval at the Extra-Ordinary General Meeting of the Company held on July 09, 2009, the Company in its Compensation Committee Meeting held on February 09, 2011 has approved the grant of options to the extent of 1,12,000 Equity Shares (One Lacs Twelve Thousand Equity Shares) (cum-bonus) to the eligible participants under Employee Scheme Option Plan - 2009 (ESOP).

The stock was trading at Rs.53.85, up by Rs.3.10 or 6.11%. The stock hit an intraday high of Rs.54.75 and low of Rs.51.10.

The total traded quantity was 6.93 lakhs compared to 2 week average of 4.28 lakhs.

Source : Equity Bulls

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