OMAXAUTO.NS Omax Autos (NSE) rises 25% intraday 28 Jan 2026: Key volume signal

We saw an intraday surge in Omax Autos Limited (OMAXAUTO.NS) on 28 Jan 2026, with the share price jumping to INR 116.59, a 25.34% increase from the previous close. The move came with 252,188 shares traded versus an average of 99,924, marking this as a clear high-volume mover in the NSE intraday session. OMAXAUTO.NS stock reaction followed the company’s recent earnings print and sits above the 200-day average of INR 109.22, suggesting a fresh short-term momentum shift in the Auto – Parts sector.

OMAXAUTO.NS stock: Intraday price and volume snapshot

OMAXAUTO.NS stock traded between INR 111.63 and INR 116.59 on the intraday session of 28 Jan 2026. Volume reached 252,188, or about 2.52x the average volume of 99,924, confirming a high-volume move. The previous close was INR 93.02, so the one-day change of INR 23.57 shows strong short-term buying interest.

Technical read: momentum, support and resistance

Momentum indicators show mixed signals: RSI at 41.74 sits below neutral, MACD histogram is negative at -0.56, and ADX at 27.60 indicates a strong trend. Immediate intraday support is near the day low INR 111.63 and the nearest resistance sits at the 50-day average of INR 95.29 and the year high of INR 165.80. Traders should watch the Bollinger middle band at INR 100.92 for consolidation or rejection.

Fundamentals and valuation: ratios that matter

Omax Autos (OMAXAUTO.NS) posts EPS INR 5.06 and a trailing PE of 19.20, below the Consumer Cyclical average PE of 34.45, implying relative valuation support. Book value per share is INR 151.78 and PB ratio is 0.64. The company shows a dividend yield of 2.57% and a conservative debt-to-equity of 0.23, while interest coverage is low at 0.77, highlighting an area of financial risk.

Meyka AI rating and model forecasts for OMAXAUTO.NS

Meyka AI rates OMAXAUTO.NS with a score out of 100: 64 / 100, Grade B — HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects a yearly price of INR 133.57, which is an implied upside of 14.56% from the current INR 116.59. The monthly model projects INR 74.22, implying a short-term downside of -36.32%. Forecasts are model-based projections and not guarantees.

Sector context and catalysts affecting OMAXAUTO.NS

Omax Autos operates in the Auto – Parts industry inside India’s Consumer Cyclical sector. The sector’s one-month performance is negative, and average sector PE is 34.45, putting OMAXAUTO.NS valuation below peers. Key catalysts: recent earnings announcement (22 Jan 2026), export demand for specialty fabrications, and any supply-chain shifts for commercial vehicles. Negative catalysts include margin pressure and below-par interest coverage.

Trading idea and risk management for intraday volume moves

For intraday traders, the combination of a 25.34% price jump and 2.52x average volume suggests momentum plays. Consider scaling in above INR 116.00 with tight stops under INR 111.60 and partial profit-taking near the Meyka yearly forecast INR 133.57. Keep position size small because interest coverage and volatile short-term forecasts increase risk exposure.

Final Thoughts

OMAXAUTO.NS stock jumped to INR 116.59 on 28 Jan 2026 in a high-volume intraday move that changed the short-term technical landscape. Valuation metrics — PE 19.20 and PB 0.64 — keep the stock cheaper than the Consumer Cyclical peer group, while a dividend yield of 2.57% and conservative debt offer balance. Meyka AI’s forecast model projects a yearly price of INR 133.57, an implied upside of 14.56% from the current price, while the monthly model at INR 74.22 shows possible downside in volatile conditions. We see a tradeable intraday setup: buyers above INR 116.00 with stops near INR 111.60 and a medium-term target around INR 133.57, but risk-manage tightly given weak interest coverage and mixed momentum indicators. Meyka AI, our AI-powered market analysis platform, highlights this as a high-volume mover to watch, not an investment recommendation. Forecasts are model-based projections and not guarantees.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.