Kamat Hotels (India) trades jubilantly on signing new property in Rishikesh
Kamat Hotels (India) is currently trading at Rs. 309.40, up by 24.85 points or 8.73% from its previous closing of Rs. 284.55 on the BSE.
The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 317.05 and Rs. 281.85 respectively. So far 37307 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.30 on 04-Feb-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. 317.05 and Rs. 248.85 respectively. The current market cap of the company is Rs. 915.06 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) (KHIL) has signed an agreement for the management and operations of a Luxury hotel, The Orchid Hotel at Rishikesh in Uttarakhand (Hotel). The Hotel will feature 54 elegantly designed rooms, surrounded by dense forest, the luxurious rooms of different types. It also has a state-of-the-art high-end spa, a swimming pool, a modern recreation center, and a dedicated yoga center next to a decades old Shivling temple, all aimed at those seeking relaxation and peace.
Additionally, the property will include a fully equipped conference room, making it an ideal venue for corporate retreats as well as weddings celebrations. Exquisite dining experiences at the 24 hours all day dining restaurant and Mountain View Bar.
Kamat Hotels (India) is engaged in the hospitality business and is having Hotel, Resort & Restaurants.
