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Omaxe inches higher on registering 24% rise in sales booking for H1FY14

25 Nov 2013

Omaxe is currently trading at Rs. 124.50, up by 0.20 points or 0.16% from its previous closing of Rs 124.30 on the BSE.

The scrip opened at Rs 124.60 and has touched a high and low of Rs 124.70 and Rs 124.50 respectively. So far 10137 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 163.13 on 05-Dec-2012 and a 52 week low of Rs 115.65 on 11-Nov-2013.

Last one week high and low of the scrip stood at Rs 126.00 and Rs 120.50 respectively. The current market cap of the company is Rs 2278.03 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 12.72% and 12.28% respectively.

Realty firm Omaxe’s sales for the first six months of this fiscal have increased 24% from the year-ago period. The company has sold properties worth Rs 1,123 crore during the period as against sales bookings of Rs 908 crore during April-September of last fiscal. The sales booking have risen on the back of 70% jump in the average realisation at Rs 3,368 per sq ft.

However, in terms of volume, sales bookings fell by 27% at 3.34 million sq ft in the first six months of 2013-14 fiscal against 4.58 million sq ft in the year ago period.

Meanwhile, the company’s gross debt has come down to Rs 1,025 crore as on September 30 from Rs 1,090 crore at the end of June quarter and the company has to repay Rs 128 crore in this quarter.

Omaxe is one of India’s leading real estate development companies. Founded in 1987, the company has fast spread its footprints in 9 states across 30 cities.

Related Omaxe Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323