Omax Autos gains after securing order

Omax Autos was up 1.56% to Rs 65.30 at 11:47 IST on BSE after the company said that its railway division has successfully secured an order estimated between Rs 90-100 crore for supply of railway parts from Indian Railways.

The announcement was made after market hours yesterday, 23 June 2016.

Meanwhile, the S&P BSE Sensex was down 979.69 points or 3.63% at 26,022.53.

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 6,640 shares in the past one quarter. The stock was volatile. The stock rose as much as 3.88% at the day's high of Rs 66.80 so far during the day. The stock lost as much as 2.41% at the day's low of Rs 62.75 so sar during the day. The stock had hit a 52-week high of Rs 94 on 1 January 2016. The stock had hit a 52-week low of Rs 40 on 26 June 2015. The stock had underperformed the market over the past one month till 23 June 2016, advancing 4.55% compared with Sensex's 7.02% rise. The scrip had also underperformed the market in past one quarter, gaining 3.46% as against Sensex's 6.57% rise.

The small-cap company has equity capital of Rs 21.39 crore. Face value per share is Rs 10.

Omax Autos said that the formal purchase order would be received by the company in due course of time.

Omax Autos' net profit declined 30.8% to Rs 4.61 crore on 2.9% growth in net sales to Rs 260.84 crore in Q4 March 2016 over Q4 March 2015.

Omax Autos is one of the leading manufacturers of auto and non-auto components in India. The company specializes in sheet metal components, tubular components and machined components.

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