Kamat Hotels (India) is trading higher by 8% at Rs 71, extending its previous day's 20% rally, on back of heavy volumes on the bourses. The stock opened at Rs 65.85 and touched high of Rs 76.05 in early morning deals on the NSE. The counter has seen heavy activities in past two trading sessions on the bourses.
The stock has rallied 38% in past two trading sessions from Rs 55.15 on Monday. A combined 124,222 shares have already changed hands so far against an average less than 10,000 shares that were traded daily in past two weeks on the NSE and BSE.
The company engaged in hotel business has trimmed its net losses substantially to Rs 6.62 crore for the first half (April-September) of the current financial year 2013-14, due to lower total expenditure and interest cost. The company had loss of Rs 13.67 crore in the same period last fiscal.
Meanwhile, according to latest shareholding pattern, the promoters which held 57.99% stake in the company have pledged 77.53% or 9.87 million shares of their shares with the lenders.
The stock has rallied 38% in past two trading sessions from Rs 55.15 on Monday. A combined 124,222 shares have already changed hands so far against an average less than 10,000 shares that were traded daily in past two weeks on the NSE and BSE.
The company engaged in hotel business has trimmed its net losses substantially to Rs 6.62 crore for the first half (April-September) of the current financial year 2013-14, due to lower total expenditure and interest cost. The company had loss of Rs 13.67 crore in the same period last fiscal.
Meanwhile, according to latest shareholding pattern, the promoters which held 57.99% stake in the company have pledged 77.53% or 9.87 million shares of their shares with the lenders.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%