TajGVK Hotels & Resorts jumped 6.77% to Rs 129.40 at 15:23 IST on BSE after the company reported net profit of Rs 3.40 crore in Q2 September 2016 compared with net loss of Rs 0.95 crore in Q2 September 2015.
The result was announced during market hours today, 2 November 2016.Meanwhile, the S&P BSE Sensex was down 351.62 points or 1.26% at 27,524.99.
On BSE, so far 2.17 lakh shares were traded in the counter as against average daily volume of 26,367 shares in the past one quarter. The stock hit a high of Rs 133.50 and a low of Rs 120.25 so far during the day. The stock had hit a 52-week high of Rs 158 on 23 August 2016. The stock had hit a 52-week low of Rs 64.90 on 29 February 2016. The stock had outperformed the market over the past one month till 1 November 2016, advancing 0.71% compared with 0.04% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 15.33% as against Sensex's 0.45% fall.
The small-cap company has equity capital of Rs 12.54 crore. Face value per share is Rs 2.
TajGVK Hotels' total income from operations rose 8.85% to Rs 65.52 crore in Q2 September 2016 over Q2 September 2015.
TajGVK Hotels & Resorts is a joint venture, formed through a strategic alliance, between the Indian Hotels Company (IHCL) and the Hyderabad based GVK Group in the year 1999/2000. GVK Group is a Hyderabad based multi product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels across the country and abroad. The company owns & operates three five star hotels in Hyderabad and one five star hotel each in the cities of Chennai and Chandigarh.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
