Royal Orchid Hotels moves higher on opening a hotel

Royal Orchid Hotels was up 1.77% to Rs 190.10 at 12:45 IST on BSE after the hotel chain operator announced the opening of its new hotel named Regenta Resort Soma Vine Village at Nashik in Maharashtra.

The announcement was made during market hours today, 21 February 2018.

Meanwhile, the S&P BSE Sensex was up 101.26 points or 0.3% at 33,804.85. The S&P BSE Small-Cap index declined 0.22%, underperforming the Sensex.

On the BSE, 4,781 shares were traded on the counter so far as against average daily volumes of 22,350 shares in the past one quarter. The stock had hit a high of Rs 193 and a low of Rs 185.95 so far during the day. The stock had hit a 52-week high of Rs 227.40 on 1 February 2018 and a 52-week low of Rs 81.75 on 3 March 2017.

The stock had outperformed the market over the past one month till 20 February 2018, sliding 4.77% compared with the Sensex's 5.09% fall. The stock had also outperformed the market over the past one quarter, advancing 20.44% as against the Sensex's 1.03% rise. The scrip had also outperformed the market over the past one year, surging 122.65% as against the Sensex's 17.59% rise.

The small-cap company has equity capital of Rs 27.27 crore. Face value per share is Rs 10.

Royal Orchid Hotels' net profit rose 1.2% to Rs 4.22 crore on 26.4% growth in net sales to Rs 28.40 crore in Q3 December 2017 over Q3 December 2016.

Royal Orchid Hotels is one of India's fastest growing hotel chains. It primarily operates 5 and 4 star hotels, enabling it to target the discerning business and leisure traveler.

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