German company close to buy Orient Refractories; stk up 6%

German company RH1 is close to buying Orient Refractories for Rs 550 crore, reports The Economic Times.

At 09:22 hrs Orient Refractories was quoting at Rs 38.60, up Rs 2.30, or 6.34%. It has touched a 52-week high of Rs 41.50.
 
It was trading with volumes of 8,650 shares. In the previous trading session, the share closed down 1.36% or Rs 0.50 at Rs 36.30.

The latest book value of the company is Rs 6.25 per share. At current value, the price-to-book value of the company was 6.18. The dividend yield of the company was 2.59%.

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