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21-Sep2017

Royal Orchid soars on Royal Bank of Scotland buying 9.28 lakh shares

Royal Orchid Hotels is currently trading at Rs. 143.05, up by 3.00 points or 2.14% from its previous closing of Rs. 140.05 on the BSE.

The scrip opened at Rs. 143.90 and has touched a high and low of Rs. 145.00 and Rs. 135.35 respectively. So far 59058 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.50 on 19-Sep-2017 and a 52 week low of Rs. 61.35 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 150.50 and Rs. 121.00 respectively. The current market cap of the company is Rs. 384.27 crore.

The promoters holding in the company stood at 70.80%, while institutions and non-institutions held 0.06% and 29.14% respectively.

The Royal Bank of Scotland Plc as Trustee of Jupiter India Fund has bought 9.28 lakh shares of Royal Orchid at Rs 126.43. However, Ashish Ramchandra Kacholia has offloaded 8.37 lakh shares of the company at Rs 125.16 on the BSE on September 19, 2017.

Royal Orchid Hotels is one aof 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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