Stock under Rs 100 jumps after company invests Rs 500 crore in Ludhiana to launch the Mixed-Use Omaxe Chowk Project
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 33 per cent from its 52-week low of Rs 62.85 per share.
Today, one of the Top Gainers on BSE, shares of Omaxe Ltd jumped over 15 per cent to Rs 83.60 per share from its previous closing of Rs 72.58 per share. The stock’s 52-week high is Rs 113.51 per share and its 52-week low is Rs 62.85 per share. The shares of the company saw a Spurt in Volume by more than 20 times.
Omaxe Ltd. has announced a strategic investment of Rs 500 crore to develop Omaxe Chowk, Ludhiana, a premier mixed-use high-street destination. Spanning approximately 5.25 acres in the high-footfall Ghumar Mandi area, the project is being developed on a leasehold basis through a successful bid with the Rail Land Development Authority (RLDA). This integrated urban hub will blend modern commercial spaces with luxury residences, specifically targeting Ludhiana’s vibrant wedding, fashion and jewellery markets.
The development is designed as a structured alternative to traditional markets, featuring a diverse mix of premium retail outlets, flagship showrooms and a dedicated food and experience zone called Dawatpur. Catering to both local residents and the significant NRI population, Omaxe Chowk aims to redefine the social and lifestyle experience by combining shopping with destination dining and entertainment. To ensure visitor comfort, the project includes two-sided frontage for easy access, heritage-inspired modern architecture and organised parking for over 1,000 cars.
Execution of this Public-Private Partnership (PPP) is being handled by Ludhiana Wholesale Market Private Limited, a wholly-owned subsidiary of Omaxe, with a scheduled delivery by June 2030. Beyond providing luxury living and commerce, the project is expected to boost the local economy and generate significant employment. This venture further solidifies Omaxe's expansive footprint across 31 cities, building on the momentum of their FY 2024-25 consolidated total income of Rs 1,637 crore.
About the Company
Established in 1987 by Mr. Rohtaas Goel and listed in 2007, Omaxe Ltd. has grown into one of India’s premier Real Estate developers. Over three decades, the company has delivered 140.17 million sq. ft. of space across 31 cities in 8 states. Its diverse portfolio includes residential, commercial and integrated townships, marked by iconic projects such as Omaxe Chowk in Delhi and the upcoming The Omaxe State in Dwarka. Driven by innovation and a robust land Bank, Omaxe remains a market leader dedicated to transforming India’s urban landscape.
An Ace Investor, Ajay Upadhyaya, holds a 1.49 per cent stake in the company as of September 2025 and LIC owned a 1.56 per cent stake in the company in the same period. The stock is up by 33 per cent from its 52-week low of Rs 62.85 per share.
Disclaimer: The article is for informational purposes only and not investment advice.