Om Metals gains 5% on Jaipur land case settlement@Highlight
Shares of Om Metal Infraprojects rose over 5% as the company said its associate company has secured a settlement with Riya Garments over land based in Jaipur, the company said late Monday.
Om Metals secured the settlement order from the High Court of Rajasthan, which was for a 56,000-sq mtr land in Jaipur.
The company also said that the land is well located and has potential to be developed as residential as well as commercial property.
Om Metals Infraprojects Ltd is currently trading at Rs68.4, up by Rs2.05 or 3.09% from its previous closing of Rs66.35 on the BSE. The scrip opened at Rs68.9 and has touched a high and low of Rs69.75 and Rs68, respectively. The current market cap of the company is Rs638.95cr.
Om Metals secured the settlement order from the High Court of Rajasthan, which was for a 56,000-sq mtr land in Jaipur.
The company also said that the land is well located and has potential to be developed as residential as well as commercial property.
Om Metals Infraprojects Ltd is currently trading at Rs68.4, up by Rs2.05 or 3.09% from its previous closing of Rs66.35 on the BSE. The scrip opened at Rs68.9 and has touched a high and low of Rs69.75 and Rs68, respectively. The current market cap of the company is Rs638.95cr.
No comments