900% multibagger return: Shares of this hotel company touch Rs 100; do you own it?

Oriental Hotels Limited, a prominent player in the hotel industry, is primarily engaged in owning, operating, and managing hotels, palaces, and resorts. Its stock has shown a significant rally since the beginning of today’s trading session in this weak market. While the broader market opened with a gap down, it eventually recovered and is trading near today’s high points.

The stock of Oriental Hotels opened the day at Rs 95.50 per share, which is almost 2% higher than its previous day’s closing price of Rs 93.63 per share. It surged by nearly 14% today, touching its 52-week high price of Rs 106.55 per share.

Furthermore, the stock reached a significant milestone of Rs 100 per share and has begun trading in the three-digit range today. It has maintained its strength above this level, and as of the time of writing this article, it is trading at Rs 105.50 per share on the BSE. The current market capitalisation stands at Rs 1884 crore. Today, the stock has experienced a significant surge in trading volume, exceeding the average volume by more than 12.18 times.

The company’s stock price was Rs 10 per share on October 9, 2003, and today it has reached Rs 100 per share, delivering an impressive multibagger return of 900% over the last twenty years.

During the COVID-19 pandemic, the stock, which had reached its pandemic low of Rs 13.75 per share in March 2020, has surged by 668%. If someone had invested Rs 1 lakh during the COVID pandemic, it would now be valued at Rs 7.68 lakh within 3.5 years.

Trading and Delivery Volume:

Business Overview:

Oriental Hotels Limited (OHL) is an India-based holding company primarily involved in the ownership, operation, and management of hotels and resorts. Its clientele comprises a diverse range of customers, including business travellers, tourists, attendees of events and conferences, wedding guests, diners, crew members, and long-term guests.

The company owns and operates several prominent hotel units, including the five-star Taj Coromandel in Chennai, Taj Fisherman’s Cove Resort & Spa in Chennai, Taj Malabar Resort & Spa in Kochi near Willingdon Island, Vivanta Coimbatore (a five-star hotel), The Gateway Hotel Pasumalai in Madurai, Gateway Coonoor – IHCL SeleQtions in Coonoor, and The Gateway Hotel Old Port Road in Mangalore.

Stock Chart (Monthly time frame):

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.