10% Upper Circuit: Omaxe Limited's Shares Surge with New Brand Launch
During Monday’s morning trading session, the shares of one of India’s leading real estate companies, Omaxe Limited, hit a 10 percent upper circuit at Rs. 98.65 on BSE, following the launch of a new brand with an initial investment of over Rs. 2,800 crores
Real EstateStock MarketOmaxe LimitedBetogetherPppReal Estate NewsJan 27, 2025
98.65 on BSE.
This surge came after the company announced the launch of a new brand, BeTogether, 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 Partnership (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.
Financials
Omaxe Limited reported a significant rise in revenue from operations, experiencing a year-on-year increase of nearly 46.2 percent.
The revenue rose from Rs.
266 crores in Q2 FY24 to Rs.
389 crores in Q2 FY25.
However, 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.
The company is also involved in the construction, operation, and maintenance of real estate properties.
Omaxe Limited aims to create sustainable and innovative projects that contribute to the growth and development of urban India.
Frequently Asked Questions
What is the significance of Omaxe Limited hitting a 10 percent upper circuit?
Hitting a 10 percent upper circuit indicates strong positive sentiment among investors, often due to significant company news or financial performance. In this case, it was driven by the launch of a new brand, BeTogether, with a substantial investment and revenue potential.
What is the new brand launched by Omaxe Limited?
Omaxe Limited launched BeTogether, a new brand focused on collaborative real estate projects and Public-Private Partnership (PPP) models to drive urban and economic development.
What is the investment and revenue potential of the projects under BeTogether?
The projects under BeTogether involve an initial investment of over Rs. 2,800 crores and have a revenue potential surpassing Rs. 5,000 crores over a 3-5 year period.
What are some of the key projects under BeTogether?
Key projects under BeTogether include the BeTogether Centre Point Vrindavan, which aims to modernize the city of Vrindavan, and partnerships with the Uttar Pradesh State Road Transport Corporation (UPSRTC) to upgrade bus terminals in several key cities.
What is the recent financial performance of Omaxe Limited?
Omaxe Limited reported a significant rise in revenue from operations, increasing by nearly 46.2 percent from Rs. 266 crores in Q2 FY24 to Rs. 389 crores in Q2 FY25. However, the company’s net loss also increased from Rs. 84 crores to Rs. 239 crores, representing a decline of around 184.5 percent YoY.
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