03 Apr 2025

Royal Orchid Hotels Gains, Renews Bengaluru Lease for 29 Years

Royal Orchid Hotels is currently trading at RS. 414.85, up by 1.85 points or 0.45% from its previous closing of RS. 413.00 on the BSE.

The stock opened at RS. 412.45 and recorded a high of RS. 418.20 and a low of RS. 406.55. A total of 3815 shares have been traded so far.

A BSE group 'B' stock with a face value of RS. 10, Royal Orchid Hotels reached a 52-week high of RS. 435.35 on April 8, 2024, and a 52-week low of RS. 301.50 on October 25, 2024. Over the last week, the stock's high and low were RS. 419.70 and RS. 387.00, respectively. The company’s market capitalization currently stands at RS. 1137.74 crore.

The company’s shareholding pattern includes 63.65% held by promoters, 7.38% by institutions, and 28.97% by non-institutions.

In a key development, Royal Orchid Hotels has signed an agreement with Karnataka State Tourism Development Corporation (KSTDC) to renew the land lease deed for Hotel Royal Orchid, Bengaluru, for a period of 29 years and 6 months.

Royal Orchid Hotels is among India's fastest-growing hospitality brands, expanding its presence across the country.