Omax Autos is presently buying and selling at its higher circuit limit of Rs. Eighty.Ninety, up by using three.85 factors or 5.00% from its preceding closing of Rs. Seventy seven.05 at the BSE.

The scrip opened at Rs. Eighty.Ninety and has touched a excessive and occasional of Rs. Eighty.90 and Rs. Eighty.Ninety respectively. So a ways 650 stocks were traded on the counter.

The BSE organization ‘B’ inventory of face price Rs. 10 has touched a 52 week excessive of Rs. 215.Ninety on 29-Jan-2018 and a 52 week low of Rs. Sixty seven.70 on 05-Dec-2017.

Last one week excessive and low of the scrip stood at Rs. Eighty two.00 and Rs. Seventy four.10 respectively. The modern market cap of the employer is Rs. 164.Eighty crore.

The promoters preserving within the business enterprise stood at 54.47%, while Institutions and Non-Institutions held 2.Sixty three% and 42.90% respectively.

Omax Autos has received popularity of putting in a new commercial unit for manufacture and deliver of ‘Long Member’ at or around Raebareli inside the nation of Uttar Pradesh. The Board of Directors of the Company at its assembly held on December 03, 2018 has permitted the identical.

The proposed ability is to be brought inside 3 years at an funding of Rs one hundred sixty five crore round 50% of the funding might be funded thru Equity and final 50% thru external borrowings.