Omaxe climbs on signing MoU with Carnation Hotels to operate 10 hotel projects across India
Omaxe is currently trading at Rs. 113.45, up by 5.00 points or 4.61% from its previous closing of Rs. 108.45 on the BSE.
The scrip opened at Rs. 105.55 and has touched a high and low of Rs. 119.25 and Rs. 104.15 respectively. So far 85526 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.00 on 04-Sep-2026 and a 52 week low of Rs. 62.85 on 09-Dec-2025.
Last one week high and low of the scrip stood at Rs. 119.25 and Rs. 98.05 respectively. The current market cap of the company is Rs. 2087.81 crore.
The promoters holding in the company stood at 74.14%, while Institutions and Non-Institutions held 6.73% and 19.13% respectively.
Omaxe has entered into Memorandum of Understanding (MoU) with Carnation Hotels, wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India, comprising 4,000 keys. This operating arrangement marks a significant step in the execution of Omaxe’s Rs 6,200 crore hospitality expansion, announced in June 2026, which envisages the development of 19 hotels across five states.
The 10 projects entail an estimated investment of around Rs 4,000 crore and span Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. The portfolio includes hospitality developments at transit hubs, pilgrimage destinations and commercial locations, reflecting Omaxe’s approach of integrating hospitality with its wider real estate and urban development portfolio.
The properties will be operated under Lemon Tree Hotels’ brand portfolio and will cater to a mix of hospitality segments. Project development and commissioning timelines are expected to range from nine months to five years, depending on the individual development.
