Omaxe share price surged to a 10 percent upper circuit in early trade on February 19 following the company’s announcement of being declared a successful bidder for the development of two bus terminals.
With pending buy orders of 42,229 shares and no sellers available on the BSE, Omaxe shares remained locked at the upper circuit.
As of 10:27 am, the shares were trading 9.98% higher at ₹111.35.
On February 16, Uttar Pradesh State Road Transport Corporation (UPSRTC) declared Omaxe as the successful bidder for the development of two bus terminals. One terminal will be situated at Amausi, Lucknow, covering an area of 20,170 square meters, while the other will be at Ayodhya Dham, covering 36,426 square meters.
