Kamat Hotels (India) gains on signing new property in Panchgani
Kamat Hotels (India) is currently trading at Rs. 244.75, up by 3.00 points or 1.24% from its previous closing of Rs. 241.75 on the BSE.
The scrip opened at Rs. 233.90 and has touched a high and low of Rs. 245.05 and Rs. 233.90 respectively. So far 5388 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 353.40 on 18-Mar-2025 and a 52 week low of Rs. 176.00 on 25-Oct-2024.
Last one week high and low of the scrip stood at Rs. 251.80 and Rs. 233.90 respectively. The current market cap of the company is Rs. 716.81 crore.
The promoters holding in the company stood at 57.78%, while Institutions and Non-Institutions held 3.44% and 38.79% respectively.
Kamat Hotels (India) has entered into a lease agreement to operate a luxury hotel in Panchgani under its flagship brand, ‘The Orchid’ Hotels. This strategic expansion marks the group’s foray into the tranquil hill station of Panchgani, Maharashtra.
Offering a perfect blend of comfort and nature, The Orchid Hotel & Luxury Park Resort at Panchgani will feature a total of 70 well-appointed rooms, comprising of 47 guest rooms and 23 unique luxury tent room accommodation; the property is envisioned as a premium leisure destination for tourists, nature lovers, wellness as well as corporate retreats, placed harmoniously within its serene landscape. Featuring a swimming pool, 20,000 square feet of well-manicured open lawn, banquet hall facility for private functions, and a multi-cuisine all-day restaurant. The resort offers an exceptional setting for hosting elegant weddings amidst the serene beauty of the hills.
Kamat Hotels (India) is engaged in the hospitality business and is having Hotel, Resort & Restaurants.
