Oriental Hotels spurts after turnaround in Q2

Oriental Hotels surged 9.56% to Rs 40.70 at 10:36 IST on BSE after the company reported net profit of Rs 3.14 crore in Q2 September 2017, compared with net loss of Rs 1.42 crore in Q2 September 2016.

The result was announced after market hours yesterday, 23 October 2017.

Meanwhile, the S&P BSE Sensex was up 122.90 points or 0.38% at 32,629.62. The S&P BSE Small-Cap index was up 136.21 points or 0.8% at 17,232.76.

On the BSE, 1.87 lakh shares were traded on the counter so far as against the average daily volumes of 21,841 shares in the past one quarter. The stock had hit a high of Rs 42 and a low of Rs 39.55 so far during the day. The stock had hit a record high of Rs 48.70 on 12 May 2017 and a 52-week low of Rs 20 on 22 December 2016.

The stock had underperformed the market over the past one month till 23 October 2017, rising 0.68% compared with 1.83% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.38% as against Sensex's 0.86% rise. The scrip, however, outperformed the market in past one year, rising 33.63% as against Sensex's 15.36% rise.

The small-cap company has equity capital of Rs 17.86 crore. Face value per share is Re 1.

Oriental Hotels' total income rose 12.34% to Rs 92.88 crore in Q2 September 2017 over Q2 September 2016.

Oriental Hotels is engaged in the business of hoteliering, including accommodation, restaurants and catering services.

Powered by Capital Market - Live News