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21-Feb2018

Royal Orchid Hotels advances on opening new hotel in Nashik

Royal Orchid Hotels is currently trading at Rs. 188.50, up by 1.70 points or 0.91% from its previous closing of Rs. 186.80 on the BSE.

The scrip opened at Rs. 188.40 and has touched a high and low of Rs. 188.50 and Rs. 188.40 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.40 on 01-Feb-2018 and a 52 week low of Rs. 81.75 on 03-Mar-2017.

Last one week high and low of the scrip stood at Rs. 205.50 and Rs. 186.60 respectively. The current market cap of the company is Rs. 514.00 crore.

The promoters holding in the company stood at 69.61%, while Institutions and Non-Institutions held 5.70% and 24.69% respectively.

Royal Orchid Hotels has opened its new hotel in Nashik named 'Regenta Resort Soma Vine Village'.

Regenta Resort Soma Vine Village, with 32 rooms offers boutique accommodation with varied dining and banquet facilities. The glorious property will give travelers a mesmerizing experience and contemporary luxury.

The company has added eight properties - Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore, Pushkar and now Nasik in the current fiscal year taking the number to 49 hotels.

Royal Orchid Hotels is one of India's fastest growing hotel chains. It primarily operates 5 and 4 star hotels, enabling it to target the discerning business and leisure traveller.



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