Omax Autos is engaged in business of manufacturing and selling of sheet metal components,It has 5 operational manufacturing plants in Bawal, Binola, Bangalore, Lucknow & Pant Nagar.It is setting up 2 more plants in Lucknow-Raebareli area to expand its CV and railways segment
Hero Motor Corp has historically been their largest customer.However, with the company exiting 2W & focusing on CV business, Tata Motors Ltd contribution to sales has grown significantly.Furthermore, Omax is diversifying its revenue base from auto OEMs to Indian railways.
Closure above 72 ( entrypoint) in dailychart , will give oppurtunity to enter and hold till target of 90 with strict stop loss at 63