Trending stocks: Omaxe shares up 1.21%

NEW DELHI: Shares of Omaxe traded 1.21 per cent up in Tuesday's trade at 09:51 am. Around 40,736 shares changed hands on the counter. The stock opened at Rs 155.0 and touched an intraday high and low of Rs 156.7 and Rs 153.95, respectively, in the session so far.

CARE revised Omaxe's long-term bank facilities to BB+/Stable from BBB-/Negative.

The stock quoted a 52-week high of Rs 222.65 and a 52-week low of Rs 144.0.

Financials
Omaxe, incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 2795.63 crore) operating in Real Estate sector.

The company reported net profit after tax of Rs 6.26 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 167.16 crore, down 33.43 per cent from last quarter Sales of Rs 251.10 crore and down 30.99 per cent from last year same quarter Sales of Rs 242.21 crore.

Omaxe key products/revenue segments include income from real estate development which contributed Rs 740.35 crore to sales value (96.39 per cent of total sales), other operating revenue which contributed Rs 24.71 crore to sales value (3.21 per cent of total sales), traded goods which contributed Rs 2.94 crore to sales value (0.38 per cent of total sales) and income from eng.construction contracts which contributed Rs 0.04 crore to sales value (0.00 per cent of total sales)for the year ending 31-mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 58.47 and price to book value of 1.85.