/ Omax Autos Dips, Closes Gurgaon Unit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 28 June 2017

Omax Autos has closed manufacturing activities in its unit named Automax situated at Delhi-Jaipur Highway, Gurgaon, with effect from closing hours of June 24, 2017. The company made the announcement after market hours on Tuesday.

Meanwhile, the stock was trading lower by 1.1% at Rs 72.20 per share at 1139 hours on BSE. It hit a high of Rs 72.50 and a low of Rs 71.75 so far during the day.

The stock has underperformed both BSE Small-cap and BSE Auto Index over a period of one year. Its closest peers are HMT and Suprajit Engineering.

Omax Autos Limited is principally engaged in the sale of motor vehicle parts and accessories. The company conducts its business in automotive, railways and heavy fabrication and energy areas.

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