From Rs 130 to Rs 335: This multibagger hotel company stock touched a 52-week high today!
This BSE 500 hotel company delivered 156 per cent returns in just two years.
Chalet Hotels Ltd is the owner, developer and asset manager of the JW Marriot Group and the Westin chain of hotels in India. It operates in key metro cities like Mumbai Metropolitan Region, Hyderabad, Bengaluru, and Pune and has managed to deliver exceptional returns in just 2 years!
Despite being a part of one of the worst-hit sectors throughout the pandemic, the hotel has recovered. As the COVID limits relaxed, the hotel began operating at full capacity, making up for the loss that had been incurred. As the hotel business started showing recovery the shares once again started attracting the attention of investors.
The company’s share price jumped from Rs 130.75 on June 3 2020 to Rs 335.30 on June 4 2022, an increase of 156 per cent. The company is part of the S&P BSE 500. If you had invested 1 lakh in this stock last year it would have been 2.56 lakh today.
This hotel reported net sales of Rs 507.81 crore for FY22 compared to Rs 294.39 crore for FY21. In FY22, the EBITDA stood at Rs 120.41 as against the FY21 EBITDA which stood at Rs 29.39 crore. It stated a decrease in loss and stood at Rs 74.93 crore for FY22 as compared to the loss of Rs 135.07 crore in FY21.
The company touched its fresh 52-week high at Rs 345 today. It has a 52-week low of Rs 159.20. At 1:15 pm, the scrip is trading at Rs 332.70.