Buy Omaxe With Target Of Rs 156

Buy Omaxe With Target Of Rs 156Stock market analyst Ramesh Arora has maintained 'buy' rating on Omaxe Ltd stock with an intraday target of Rs 156.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 145.

The stock of the company, on Oct 06, closed at Rs 148.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 151 and a low of Rs 88.10 on BSE.

Current EPS & P/E ratio stood at 5.67 and 26.50 respectively.

Omaxe, on September 27, received Rs 70.4 crore infrastructure order for building highway and three high level bridges in the state of Punjab.

The company's wholly owned arm, Omaxe Infrastructure & Construction, bagged the new order from Greater Mohali Area Development Authority (GMADA).

The order, which is to be finished in a period of 16 months, is pegged at Rs 70.4 crore.

Moreover, the realty group has also received deals from Director General Married Accommodation Project, Ministry of Defence and Air Force Naval Housing Board (AFNHB) among others.

On Sep 21, Omaxe declared that OICL has received an order for building residential accommodation at MHOW, Indore (MP).

The project is valued at Rs 2.03 billion.