11 Dec 2024

Royal Orchid Hotels Gains Momentum After Launching New Regenta Property in Pune

Royal Orchid Hotels saw its stock rise by 1.41%, trading at ₹348.85, an increase of ₹4.85 from its previous closing price of ₹344.00 on the Bombay Stock Exchange (BSE). The stock opened at ₹375.00 and recorded a high of ₹375.00 and a low of ₹347.05 during the day. A total of 342 shares were traded in the session.

The stock, classified under BSE Group 'B', has a face value of ₹10. It reached a 52-week high of ₹448.10 on February 21, 2024, and a 52-week low of ₹301.50 on October 25, 2024. Over the last week, the stock fluctuated between ₹375.00 and ₹328.10. The company's current market capitalization stands at ₹955.08 crore, with promoters holding 63.65% of shares, while institutions and non-institutional investors hold 7.35% and 29.00%, respectively.

Royal Orchid Hotels announced the addition of a new Regenta property in Mulshi, Pune, Maharashtra. The Regenta Resort Mulshi offers serene lake views and lush forest surroundings, designed to provide a tranquil retreat for travellers. The property features 36 studio rooms, 13 one-bedroom units, and 11 two-bedroom units, all overlooking Mulshi Lake.

Amenities include a gym, meeting spaces, an all-day dining restaurant, a bar offering international and local cuisine, and recreational activities such as trekking, bird watching, and riverbed swimming. The new addition highlights Royal Orchid Hotels' commitment to enhancing leisure travel with quality hospitality and innovative experiences.

Renowned as one of India's fastest-growing hospitality brands, Royal Orchid Hotels continues to expand its presence in premium travel destinations.