Omaxe Limited's shares witnessed a remarkable surge during Tuesday's trading session, climbing nearly 14% on BSE following the company's announcement of a substantial ₹500 crore investment in a new mixed-use development project in Ludhiana.

Stock Performance and Market Response

At 12:26 p.m., Omaxe Limited shares were trading at ₹81.07 on BSE, representing an increase of approximately 12% compared to the previous closing price of ₹72.58. The company's market capitalization stood at ₹1,482.70 crores during the trading session.

Omaxe Chowk Project Details

The company announced Omaxe Chowk, a modern mixed-use high-street development positioned in Ludhiana's Ghumar Mandi area. This location represents one of the city's most established commercial and wedding shopping markets, making it strategically significant for the project's success.

The land parcel was secured through a competitive bidding process conducted by the Rail Land Development Authority (RLDA) and is being developed on a leasehold basis. The project aims to introduce scale, structure, and modern urban design to an already high-footfall market area.

Project Components and Vision

Omaxe Chowk is designed as an integrated urban destination that combines multiple elements within a single development. The project encompasses wedding shopping, jewellery, fashion, destination dining, entertainment, and luxury residences, creating a unified destination that reflects the evolution of modern urban retail.

The development is structured as a public-private partnership (PPP) and is being executed under an agreement between the Rail Land Development Authority (RLDA) and Ludhiana Wholesale Market Private Limited, a wholly owned subsidiary of Omaxe Limited.

Economic Impact and Employment Generation

The project is expected to create substantial local employment opportunities during the construction phase, followed by long-term job prospects across various sectors including retail, food and beverage, security, maintenance, and facility management. By attracting leading brands and large-scale events, the development aims to enhance footfall and support neighboring businesses in the area.

Recent Financial Performance

Despite the positive market response to the project announcement, Omaxe's recent financial results showed mixed performance. The company reported a decline in revenue from operations during Q2 FY25.

While revenue declined by more than 17% year-on-year, the company managed to narrow its net loss by approximately 31% during the same period, indicating improved cost management despite lower revenues.

Omaxe shares experienced a remarkable surge on Tuesday, January 13, 2026, climbing over 15% against the backdrop of weak trends in the broader Indian stock market. The rally was driven by the real estate development company's announcement of a substantial ₹500 crore investment plan for a new real estate project, as communicated through an exchange filing.

Stock Performance Details

The company's shares demonstrated strong momentum throughout the trading session, with significant price movements recorded across different time periods.

Investment Announcement Impact

The significant price appreciation was directly linked to Omaxe's strategic investment announcement. The company revealed plans to deploy ₹500 crore in a new real estate project, signaling its commitment to expansion and growth in the real estate sector. This announcement came through an official exchange filing, providing transparency to investors and market participants.

Market Context

Despite the broader Indian stock market experiencing weak trends on Tuesday, Omaxe managed to buck the negative sentiment and deliver substantial gains to shareholders. The stock's performance highlighted investor confidence in the company's strategic direction and the potential of the announced real estate project.

The early trading session saw the stock touch its intraday low of ₹72.85, but strong buying interest emerged following the investment announcement, propelling shares to reach the day's high of ₹87.00. By afternoon trading hours, the stock had stabilized at ₹82.80, maintaining significant gains from the previous day's closing price.