Multibagger stock: The leading hospitality company hits new 52-week high; do you hold it?
Shares of the company have gained more than 130 per cent in the last one year.
Shares of Royal Orchid Hotels Limited made a new 52-week high, gaining more than 5 per cent on Friday. In the last 13 trading sessions, the stock has gained more than 25 per cent.
The stock has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 319.8 on April 21, 2022, to Rs 321.70 on April 21, 2023, an increase of about 135 per cent in one year holding period.
Royal Orchid Hotels recently announced its newest property located in Pune. The Regenta Central Grand Exotica located in Pune is included in the brand offerings of the company.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands, managing a portfolio of 3920+ Guest rooms across 58 hotels & resorts across 38 cities across the country. It was founded in 2001 by industry veteran Chander K Baljee, and is a renowned and trusted brand with a growth plan to reach 100 hotels by 2022.
On Friday, the stock opened at Rs 332.10, with a high and low of Rs 338.45 and Rs 318.50. The stock closed trading at Rs 334.30, up by 4.53 per cent.
The stock has a 52-week high of Rs 338.45 and a 52-week low of Rs 112.55. The company has a ROCE of 7.53 per cent and an ROE of 3.28 per cent with a market capitalisation of Rs 891.18 crore.