Royal Orchid Hotels is currently trading at Rs. 74.10, up by 3.75 points or 5.33% from its previous closing of Rs. 70.35 on the BSE.
The scrip opened at Rs. 70.95 and has touched a high and low of Rs. 77.00 and Rs. 70.95 respectively. So far 12364 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.80 on 24-Aug-2020 and a 52 week low of Rs. 32.40 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 77.00 and Rs. 69.10 respectively. The current market cap of the company is Rs. 207.33 crore.
The promoters holding in the company stood at 69.42%, while Institutions and Non-Institutions held 5.04% and 25.54% respectively.
Royal Orchid Hotels has opened 8 new properties under the brand Regenta Resort, Regenta Central and Regenta Inn. Three business hotels were opened in prominent business districts in cities like Bangalore and Noida. Three business/Leisure hotels were opened in Goa (Panjim), Jaipur and Ajmer. Two leisure properties were launched as well, one in Mashobra and the other in Udaipur.
The new hotels launched in Bangalore, Noida, Goa, Jaipur and Ajmer will help fortify the group’s position as one of the leaders in the corporate business market. These hotels are located in close proximity to the cities central business district and other transport hubs which is predicted to feed a strong demand pipeline originating from industrial organisations and IT companies.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands. It caters to business and leisure travellers who value comfort, great cuisine, distinctly warm Indian hospitality, and value for money. Its modern and fully equipped hotels, resorts, long-stay suites, and inns are what make its guests return time and time again to its properties in metro cities, holiday destinations, pilgrimage sites and wildlife parks.
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