Mahindra Holidays climbs on planning to invest up to Rs 4,500 crore for doubling room capacity
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Mahindra Holidays & Resorts India is currently trading at Rs. 423.50, up by 13.65 points or 3.33% from its previous closing of Rs. 409.85 on the BSE.
The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 436.30 and Rs. 418.15 respectively. So far 40901 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.80 on 17-Oct-2023 and a 52 week low of Rs. 256.40 on 21-Mar-2023.
Last one week high and low of the scrip stood at Rs. 436.30 and Rs. 406.00 respectively. The current market cap of the company is Rs. 8562.44 crore.
The promoters holding in the company stood at 66.77%, while Institutions and Non-Institutions held 15.80% and 17.42% respectively.
Mahindra Holidays & Resorts India (MHRIL) is planning to invest up to Rs 4,500 crore in the next three to four years to double its room capacity to 10,000. The company is actively pursuing partnerships with state governments besides setting up new resorts, brownfield expansion and acquisitions to achieve the target to increase room count from 5,000 to 10,000 by FY30.
Mahindra Holidays & Resorts India (MHRIL), a part of Leisure and Hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.
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