During Monday’s morning trading session, the shares of one of India’s leading real estate companies hit a 10 percent upper circuit at Rs. 98.65 on BSE, after the company announced launching a new brand with an initial investment of over Rs. 2,800 crores and a revenue potential of over Rs. 5,000 crores.
With a market cap of Rs. 1,688.2 crores, at 01:58 p.m., the shares of Omaxe Limited were trading in the green at Rs. 92.3, up by nearly 3 percent, as against its previous closing price of Rs. 89.7.
What’s the news
According to the latest regulatory filings with the stock exchanges, Omaxe Limited has launched BeTogether, a new brand focused on reshaping urban and economic development through collaborative real estate projects.
The projects currently under BeTogether’s umbrella involve a total investment of over Rs. 2,800 crores, with a revenue potential surpassing Rs. 5,000 crores over a 3-5 year period.
About the brand ‘BeTogether’
BeTogether focuses on joint ventures, collaboration, and development through the Public-Private Partnerships (PPP) model to bridge infrastructure gaps, drive socio-economic growth, and create vibrant urban destinations across India.
The brand’s project portfolio currently includes the joint venture initiative, BeTogether Centre Point Vrindavan, which aims to modernize the culturally significant city of Vrindavan.
Additionally, BeTogether is partnering with the Uttar Pradesh State Road Transport Corporation (UPSRTC) on several PPP projects to upgrade bus terminals in key cities, including Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.
Also read….
Financials
Omaxe Limited reported a significant rise in revenue from operations, experiencing a year-on-year increase of nearly 46.2 percent, rising from Rs. 266 crores in Q2 FY24 to Rs. 389 crores in Q2 FY25.
In contrast, during the same period, the company’s net loss increased from Rs. 84 crores to Rs. 239 crores, representing a decline of around 184.5
percent YoY.
Stock Performance
The stock has delivered negative returns of nearly 6 percent in one year, as well as around 39 percent returns in the last six months. Meanwhile, the shares of Omaxe Limited have given negative returns of about 13 percent in the last one month.
About the company
Founded in 1987, Omaxe Limited is mainly engaged in the business of real estate development for residential, commercial and retail purposes, along with the construction, operation and maintenance of real estate properties.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
