Royal Orchid Hotels jumps over 6% today; here’s why

On Tuesday, Royal Orchid Hotels shares closed at Rs 341.15, up by 6.58% from its previous closing of Rs 320.10 on the BSE.

New property in Himachal Pradesh 

Royal Orchid & Regenta Hotels, India’s fastest-growing hospitality chain by Royal Orchid Hotels, has opened its 7th property in the picturesque state of Himachal Pradesh. The new property, Regenta Inn Luxinna, Bhagsung, is located in the serene hill town of Mcleodganj, a suburb of Dharamshala.

Nestled amidst lush green cedar woods, beneath pristine blue skies and snow-capped mountain peaks, at an awe-inspiring altitude of 7010 feet in the majestic Himalayas, Regenta Inn Luxinna Heights Bhagsunag, Mcleodganj, offers a perfect blend of serenity, comfort, luxury, and connectivity. The property features 28 well-appointed rooms, including Studio Balcony, Premium Balcony, and Executive Balcony rooms, each with a private balcony offering unparalleled views of the lush valley.

The property’s standout feature is the exquisite open rooftop terrace, where guests can relax, dine, or enjoy a barbecue night while immersing themselves in the crisp mountain air and the enchanting starry skies above, creating an ideal haven for reconnecting with nature.

Company profile 

Regenta & Royal Orchid Hotels is one of India’s fastest-growing hotel chains. It primarily operates 5-star, 4-star, and resorts, enabling it to target discerning business and leisure travellers. It currently operates 95+ hotels across India.

Stock price movement 

Today, the stock opened at Rs 322.35 and has touched a high and low of Rs 352.00 and Rs 317.95, respectively. The BSE group ‘B’ stock of face value of Rs 10 has a 52-week high of Rs 384.75 and Rs 219, respectively. Last one week high and low of the scrip stood at Rs 352 and Rs 310.05, respectively. The current market cap of the company is Rs 935.61 crore.

The promoters holding in the company stood at 63.60%, while Institutions and Non-Institutions held 4.18% and 32.21% respectively.

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.