08-11-2024 04:05 PM | Source: Accord Fintech
Kamat Hotels (India) jumps on opening new hotel in Uttar Pradesh

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Kamat Hotels (India) is currently trading at Rs. 215.70, up by 4.15 points or 1.96% from its previous closing of Rs. 211.55 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 220.80 and Rs. 200.00 respectively. So far 5237 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.50 on 23-Jan-2024 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. 222.70 and Rs. 200.00 respectively. The current market cap of the company is Rs. 640.01 crore.

The promoters holding in the company stood at 57.78%, while Institutions and Non-Institutions held 4.54% and 37.68% respectively.

Kamat Hotels (India) has opened a new hotel, The IRA by Orchid, in Noida, Uttar Pradesh. IRA by Orchid, Noida provides a memorable escape that combines world-class hospitality, stunning accommodations, at a prime location. It is bound to be one of the best hotels in Noida due to its excellent location in the heart of the city, providing easy access to the city's top attractions, shopping destinations, and corporate hubs, such as the ISKCON Temple, Jagannath Temple, Okhla Bird Sanctuary, and shopping destinations like DLF Mall. 

The property spans a built-up area of 30,000 sq. ft., featuring 34 rooms, 3 banquet halls, and 2 restaurants. The 3 large and luxurious banquet halls, having a total area of over 3000 sq. ft., offer excellent facilities making it a great destination for corporate events, celebrations and weddings. The hotel offers a total of 34 rooms in the category of Deluxe, Executive and Premium Rooms in the first phase, out of the planned 68 rooms. Additionally, guests can enjoy delicious food and beverages services at the property’s 2 restaurants, Makeba and Mostly Grills Rooftop, with a total capacity of over 120 pax.

Kamat Hotels (India) is engaged in the hospitality business and is having Hotel, Resort & Restaurants.