This asset-light multibagger hotel stock doubled investors wealth in the last two months!

Over the last one month, the scrip has skyrocketed around 43 per cent

Royal Orchid Hotels Ltd is one of India’s fastest-growing hotel chains. It primarily operates five-star, four-star, and resorts, enabling it to target discerning business and leisure travellers. It currently operates over 72 hotels across India. Promoted by Chander K Baljee, Royal Orchid Hotels has become one of India’s most well-known names in the hospitality sector.    

On Thursday, the company's shares price rallied 15 per cent to record a fresh 52-week high of Rs 298.45 on NSE. The scrip closed at Rs 147.30 on July 18, 2022. The stock has doubled investors’ wealth in the last two months.    

The company’s shares have been on fire and in the groove in 2022! The stock has furnished mind-boggling returns of approximately 235 per cent year-to-date. Over the last one month, the scrip has skyrocketed around 43 per cent.  

In Q1FY23, the company's total revenue stood at Rs 38.08 crore, up by 64 per cent from Rs 23.17 recorded in Q4FY22. Similarly, EBIDTA jumped 71 per cent on a quarterly basis to Rs 14.53 crore. PAT in Q1FY23 stood at Rs 6.88 crore versus Rs 2.78 crore in the previous quarter.   

In the last few years, the company has been focused on expanding its footprint through an asset-light model that involves leasing properties or entering into management contracts with property owners or franchises.    

Keep a close eye on this scrip for the upcoming trading sessions!