Royal Orchid Hotels shines on planning to add 30-35 new properties in FY25
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Royal Orchid Hotels is currently trading at Rs. 384.55, up by 5.20 points or 1.37% from its previous closing of Rs. 379.35 on the BSE.
The scrip opened at Rs. 371.90 and has touched a high and low of Rs. 386.90 and Rs. 371.90 respectively. So far 1374 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. 232.20 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 386.90 and Rs. 348.90 respectively. The current market cap of the company is Rs. 1050.52 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 is planning to add 30-35 new properties with about 2,000 rooms in the 2024-25 fiscal as part of its expansion plans across India. The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its wedding destination portfolio by adding four to five locations every year. These new properties will be across various segments under the management contract. There would not be any company-owned properties but some properties would be on a flexi-lease revenue sharing model.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
