Realty firm Omaxe has disclosed over two-fold jump in consolidated net profit amounting to Rs 45.45 crore for the quarter ended June on account of higher sales. Its net profit read at Rs 17.45 crore in the year-ago period, according to the company’s filing. Income from operations increased 41 percent to Rs 437.40 crore in the first quarter of this financial year from Rs 309.66 crore in the same period of the previous year. Omaxe had clocked a net profit of Rs 78.32 crore over a turnover of Rs 1,667.78 crore during the gone financial year. The company is developing 39 real estate projects - 13 group housing, 16 townships and 10 commercial.
This morning saw Omaxe share price roll slightly up by 6.54%. The stock opened at Rs. 170 against its previous closing at Rs.169.15. The stock traded on its new 52 week high value twice on 8th Sept and 12th Sept at Rs. 170 and Rs.172 respectively. Till now, 60,176 shares are traded in the counter with a traded value of Rs. 103.24, as per NSE.
The lower price band of the share is Rs. 135.35 and the upper price band is Rs.202.95. The 52 week low value of Omaxe share price is seen at Rs. 178.00 on 12th Feb ’16. The Average Daily Movement of the stock is 2.84 and its average volume for last 20 days is 826860. The stock yields 4.34% monthly returns and has the PE ratio of 39.43. The market cap of the company amounts to Rs. 3093.76 (Cr) and has a book value of Rs.112.35. Dynamic Levels have identified Omaxe as one of the top 500 performing stocks for this quarter owing to its strong fundamentals.
In order to acquire further details on the support and resistance refer to Omaxe share price forecast.
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