Royal Orchid Hotels shines on inking management agreement for new property in Surat
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Royal Orchid Hotels is currently trading at Rs. 350.95, up by 20.70 points or 6.27% from its previous closing of Rs. 330.25 on the BSE.
The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 351.30 and Rs. 323.10 respectively. So far 14481 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 21-Feb-2024 and a 52 week low of Rs. 224.90 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 400.50 and Rs. 323.10 respectively. The current market cap of the company is Rs. 955.49 crore.
The promoters holding in the company stood at 63.60%, while Institutions and Non-Institutions held 5.00% and 31.41% respectively.
Royal Orchid Hotels (ROHL) has signed a management agreement for an upcoming 5-star hotel in Surat, Gujarat. The new property will be managed by ROHL in partnership with Hindva Hospitality, LLP. ROHL will oversee this property under a new upscale brand, which will be launched soon.
The hotel will feature 288 well-appointed upscale rooms, 3 restaurants, 6 conference rooms, 1 exhibition hall, and a multi-service wellness and spa. Expected to open in May 2024, the hotel aims to attract tourists and guests from across the country for its rich heritage and cultural legacy.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
