Following the Sebi order, Omaxe’s shares decline 4.99 per cent to Rs 152.20 apiece — its lower circuit limit — on the BSE.

Omaxe May Challenge Sebi Order Banning Company, Its Chairman from Securities Market for 2 Years - News18

Omaxe’s shares fell 5% following a Sebi order barring the company and its executives from the securities market for two years due to financial irregularities. Sebi also fined 16 entities for manipulating financial statements between 2018 and 2021, thus misleading investors and maintaining the company’s scrip prices.

Omaxe shares fall 5%, hit lower circuit

The regulator has also levied a fine totalling Rs 47 lakh on 16 entities.

SEBI Bans Omaxe And Its Top Officials For Scrip Price Manipulation

The others restrained from the securities markets are - Sudhangshu S. Biswal, Arun Kumar Pandey and Vimal Gupta.

SEBI Bars Omaxe, Chairman Rohtas Goel, MD Mohit Goel, & 3 Others From Securities Market For 2 Years Over Financial Irregularities

Sebi on Tuesday barred real estate firm Omaxe, its chairman Rohtas Goel, managing director Mohit Goel and three others from the securities market for two years for irregularities in the company’s financial statements. The others restrained from the securities markets are -- Sudhangshu S. Biswal, Arun Kumar Pandey and Vimal Gupta.

Sebi bans Omaxe, chairman, others from securities markets for 2 years

Omaxe Chowk, a new mall in Chandni Chowk, Delhi, featuring national, local, and international brands, blending modernity with heritage.

Historic Chandni Chowk’s skyline changes with the Old Delhi market getting its first mall

Stocks in the Asia Pacific open largely higher even after a weak handover from Wall Street. The Gift Nifty is indicating a higher start for the Indian market.

#marketopening #sensex #nifty #stockmarketupdates #sharemarkettoday #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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Market Opening LIVE | Watch on the Go | Sensex, Nifty Gain; Tata Power, Omaxe, LIC In Focus | N18L

Market Opening LIVE |  Sensex, Nifty Gain; Tata Power, Omaxe, LIC In Focus | CNBC TV18

The land parcel in the heart of the city acquired from the Indian Railways arm will be developed as a multi-use project.

Omaxe wins bid for over 5 acres of RLDA land in Ludhiana for Rs 220 crore

The dispute started in 2017 between Rohtas Goel, the founder of the Omaxe Group, and his brother, Sunil Goel, regarding the functioning of the company.

Realty major Omaxe Group amicably settles family dispute

Omaxe Standalone June 2023 Net Sales at Rs 150.04 crore, up 82.89% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Omaxe Limited is engaged in the real estate business. The Company is engaged in promotion, construction, development and sale of townships, residential, commercial property and developed plots, among others

Omaxe Ltd