Omaxe advances on incorporating wholly owned subsidiary company

18 Apr 2018

Omaxe is currently trading at Rs. 224.35, up by 0.35 points or 0.16% from its previous closing of Rs. 224.00 on the BSE.

The scrip opened at Rs. 224.20 and has touched a high and low of Rs. 224.35 and Rs. 224.20 respectively. So far 1,333 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 235.15 on 10-Jan-2018 and a 52 week low of Rs. 188.30 on 19-Apr-2017.

Last one week high and low of the scrip stood at Rs. 225.60 and Rs. 220.00 respectively. The current market cap of the company is Rs. 4,102.00 crore.

The promoters holding in the company stood at 74.72%, while Institutions and Non-Institutions held 15.88% and 9.40% respectively.

Omaxe has incorporated a wholly owned subsidiary company in the name of ‘Omaxe New Faridabad Developers’ with effect from April 16, 2018. The said subsidiary company is yet to commence its business operations in Real Estate sector.

Omaxe is engaged in real estate activities. The company is engaged in the business of providing infrastructure facilities, which include housing and real estate development.


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SEBI Registered: Investment Adviser - INA000013323

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