Omaxe Ltd

Omaxe LtdStock analysts have suggested investors to buy Omaxe Ltd to make quick gains.

Interested investors may buy the stock with a stop loss at Rs 362, to attain a target of Rs 381-395. Yesterday, the stock has performed well, and closed the day after gaining 5.1% at Rs 367.90.

It also touched a high of Rs 376.60 and a low of Rs 345 in yesterday’s trading session on NSE. It can surely offer decent gains in today’s trading session.

Omaxe acquired a land admeasuring approximately 11.012 acres at Faridabad, Haryana for a total consideration of Rs 450 million through the process of acquisition of SN Realtors clear of all its existing liabilities.

The company’s board at its meetings held on Nov. 7, 2007 approved investment or acquisition of the entire shareholding of SN Realtors at a share purchase consideration of Rs 322 million from the existing shareholders.

Omaxe ventures in the realty business include developing integrated townships, group housing, shopping malls, multiplexes, hotels, resorts, IT parks, biotech parks and SEZs.

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