Royal Orchid Hotels shines on unveiling five new properties across India
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Royal Orchid Hotels is currently trading at Rs. 270.10, up by 29.25 points or 12.14% from its previous closing of Rs. 240.85 on the BSE.
The scrip opened at Rs. 242.55 and has touched a high and low of Rs. 273.05 and Rs. 242.55 respectively. So far 21222 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.80 on 01-Dec-2022 and a 52 week low of Rs. 112.55 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 273.05 and Rs. 224.90 respectively. The current market cap of the company is Rs. 737.74 crore.
The promoters holding in the company stood at 63.60%, while Institutions and Non-Institutions held 4.72% and 31.68% respectively.
Royal Orchid Hotels has unveiled its newly opened hotels in five cities across India. The hotel chain launched its Regenta brand in Vadodara, Jhansi, Mohali, Greater Noida, and Mahadevpura-Bangalore, marking significant growth for the company. The five properties will showcase the new and vibrant Regenta brand across two categories - Regenta Place and Regenta Inn. Travellers visiting these cities can now opt for affordable luxury with the opening of the new Regenta properties. Royal Orchid Hotels is looking to capture a fair share of Tier 2 and 3 markets with the opening of their new properties.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
