Multibagger stock update: This small-cap company launches a new hotel in Pune!

Praveenkumar Yadav
/ Categories: Trending, Mindshare
Multibagger stock update: This small-cap company launches a new hotel in Pune!

Shares of the company have gained more than 80 per cent in the last one year.

On April 05, 2023, Royal Orchid Hotels Limited informed in the exchange filing about its newest property located in Pune. The Regenta Central Grand Exotica located in Pune is included in the brand offerings of the company. The company is acquiring the property on a revenue-sharing basis, which will directly contribute to the bottom-line income. 

This addition brings the company’s portfolio to a total of 14 properties. With the acquisition of the Grand Exotica Business Hotel, Royal Orchid Hotels now owns and operates three grand hotels in Pune, including the Royal Orchid Central, Kalyani Nagar, Marisoft Annexe, and Royal Orchid Golden Suites, Kalyani Nagar, Cerebrum IT Park 

Royal Orchid Hotels Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 45.85 on April 09, 2020, to Rs 240.55 on April 05, 2023, an increase of more than 400 per cent in three years holding period.   

Today, the stock opened at Rs 243.75, with a high and low of Rs 244 and Rs 236.30. Currently, the stock is trading at Rs 2349.40, down by 1.85 per cent. 

The stock has a 52-week high of Rs 317.80 and a 52-week low of Rs 112.55. The company has a ROCE of 7.53 per cent and an ROE of 3.28 per cent with a market capitalisation of Rs 654 crore.

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