Omaxe arm bags order worth Rs. 1.27 bn

Omaxe announced that it 100% subsidiary Omaxe Infrastructure and Construction has been awarded with the contract for construction of residential accommodation at Nagrota.

The contract which is awarded by director general married accommodation project, ministry of defense, army head quarter, Kashmir House, New Delhi is pegged at Rs 1.279 billion.

The stock had outperformed the market over the past one month till Sep. 09, 2010, rising 9.50% compared with the Sensex`s 2.80% rise. It outperformed the market in past one quarter, gaining 44.05% as against 12.86% rise in the Sensex.

Total volume of shares traded on the bourses today was higher by 3.02% to 520,159 compared with 22-day average volume of 504,903. Recently the company disclosed rise of 45.14% in consolidated net profit on y-o-y basis to Rs 217.23 million, while total income rose 111.08% y-o-y basis to Rs 2.56 billion for the quarter ended June 2010.

The company has an equity capital of Rs 499.59 million. Face value of share is at Rs 10. The company has market capitalization of Rs 67.07 billion as on Sep. 09, 2010.

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