MoneyWorks4Me

Omax Autos slips on closing manufacturing activities at 'Automax' unit

28 Jun 2017 Evaluate

Omax Autos is currently trading at Rs. 72.00, down by 1.00 points or 1.37% from its previous closing of Rs. 73.00 on the BSE.

The scrip opened at Rs. 71.75 and has touched a high and low of Rs. 72.50 and Rs. 71.75 respectively. So far 2,630 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.40 on 21-Oct-2016 and a 52 week low of Rs. 65.05 on 03-Aug-2016.

Last one week high and low of the scrip stood at Rs. 78.20 and Rs. 71.75 respectively. The current market cap of the company is Rs. 154.00 crore.

The promoters holding in the company stood at 56.24%, while Institutions and Non-Institutions held 0.09% and 43.67% respectively.

Omax Autos has closed manufacturing activities in its unit named Automax situated at Delhi-Jaipur Highway, Village & P.O. Binola, Gurgaon, Haryana, with effect from June 24, 2017. Necessary intimation was given to authorities under Industrial Dispute Act, 1947 (ID Act) in this regard.

Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.     


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