Mahindra Holidays jumps on inking MoU with Government of Uttarakhand
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Mahindra Holidays & Resorts India is currently trading at Rs. 400.90, up by 10.25 points or 2.62% from its previous closing of Rs. 390.65 on the BSE.
The scrip opened at Rs. 394.25 and has touched a high and low of Rs. 404.00 and Rs. 391.85 respectively. So far 17068 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 421.70 on 04-Sep-2023 and a 52 week low of Rs. 237.80 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 420.70 and Rs. 360.00 respectively. The current market cap of the company is Rs. 8063.84 crore.
The promoters holding in the company stood at 66.95%, while Institutions and Non-Institutions held 13.53% and 19.52% respectively.
Mahindra Holidays & Resorts India has signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand to establish and develop Club Mahindra Resorts in the State of Uttarakhand. The estimated investment for the above development of Club Mahindra Resorts is expected to be around Rs 1,000 crore to be made over the next few years.
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.
