Real estate development company, Omaxe, share price jumped more than 15% on Tuesday, 13 January 2026, despite a weak trend in the Indian stock market, after the firm announced its plans to invest ₹500 crore in a real estate project, according to an exchange filing.
The Indian stock market continues its downward trend a day after snapping its five-day losing streak on Tuesday amid profit booking due to persisting concerns over US tariffs, foreign capital outflow, and mixed global cues.
Shares of Omaxe hit their intraday high level of ₹87 during Tuesday's market session, surging more than 19% in a day, while the intraday low level stood at ₹72.85 in the early trading session.
Omaxe investment plan
On Tuesday, Omaxe announced that the company will build a high-street retail and luxury residential destination spanning nearly 5.25 acres named Omaxe Chowk in Ludhiana, Punjab. The project aims to combine shopping, food, entertainment, and community spaces, as per the filing.
“The land parcel has been secured through a competitive bidding process conducted by the Rail Land Development Authority (RLDA) and is being developed on a leasehold basis. Spread across approximately 5.25 acres with a total investment of ₹500 crore, Omaxe Chowk seeks to bring scale, structure, and contemporary planning to an already high-footfall market,” the company said.
The development will feature a mix of premium retail shops, wedding and jewellery showrooms, fashion outlets, destination dining, and an entertainment zone. It will also have access to multiple entry and exit points, planned internal circulation, and parking for over 1,000 cars.
“The project will also feature wide pedestrian walkways and heritage-inspired architecture with a modern design approach, creating a destination that is both functional and experiential,” said Omaxe.
Omaxe share price today
As of 2:23 p.m. (IST), Omaxe share price was trading 14.07% higher at ₹82.80 during Tuesday's market session, compared to ₹72.59 at the previous stock market close, NSE data shows.
Shares of Omaxe have risen 2.25% in the last five years, and have given stock market investors more than 18% returns on their investment in the last three years, according to the exchange data.
NSE data also shows that the company's shares have risen 29.42% in the last one-month period, and are trading 6.64% higher in the last one-week period.
Omaxe stock hit its 52-week high level at ₹113.40 on 18 June 2025, while the 52-week low level was at ₹62.50 on 9 December 2025. The company's market capitalisation (M-Cap) was at ₹1,426.62 as of Tuesday, 13 January 2026.
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Disclaimer: This story is for educational purposes only. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
