Le Lavoir shines on inking pact with Associated Hospitality
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Le Lavoir is currently trading at Rs. 94.98, up by 4.28 points or 4.72% from its previous closing of Rs. 90.70 on the BSE.
The scrip opened at Rs. 98.85 and has touched a high and low of Rs. 98.85 and Rs. 86.20 respectively. So far 206 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.00 on 14-Dec-2023 and a 52 week low of Rs. 45.20 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 105.90 and Rs. 86.20 respectively. The current market cap of the company is Rs. 31.10 crore.
The promoters holding in the company stood at 3.76%, while Non-Institutions held 96.24% stake in the company.
Le Lavoir has entered into an agreement with Associated Hospitality (AHPL) for providing wet cleaning, washing and dry-cleaning services to Fairfield by Marriott, Mumbai International Airport (Marriott) for a period of 2 years from the date of entrance into agreement. Under the brand name ‘Le Lavoir’, the company is targeting to reach various institutions and also plans to enter the retail market segment to address consumer needs. Focused on expanding its reach on pan India basis, the company plans to open several other laundry units apart from its Mumbai facility over the coming years.
Le Lavoir is mainly engaged in the business of Laundry Services.
