16 Apr 2025

Kamat Hotels Rises Nearly 2%, Launches ‘The Orchid Chandigarh’ in Expansion Push

Kamat Hotels (India) is currently trading at RS. 269.50, up by 4.95 points or 1.87% from its previous close of RS. 264.55 on the BSE.

The stock opened at RS. 270.00 and moved between a high of RS. 275.00 and a low of RS. 267.00. A total of 15,611 shares have been traded so far.

A BSE group 'B' stock with a face value of RS. 10, Kamat Hotels touched its 52-week high of RS. 353.40 on March 18, 2025, and a 52-week low of RS. 176.00 on October 25, 2024. The scrip’s one-week high and low were RS. 275.00 and RS. 238.45, respectively. The company’s current market capitalization stands at RS. 797.44 crore.

Promoters hold 57.78% of the company’s shares, while institutions and non-institutions hold 4.54% and 37.68%, respectively.

In a significant move, Kamat Hotels (India) has inaugurated ‘The Orchid Chandigarh’, a new hotel situated in Zirakpur, Punjab. This launch marks the company’s strategic expansion in North India, targeting the upscale, eco-conscious traveler in the Tricity region—Chandigarh, Mohali, and Panchkula. Positioned as a gateway to Himalayan destinations such as Shimla, Manali, and Rishikesh, the hotel aims to deliver a premium and sustainable hospitality experience.

The Orchid Chandigarh features 122 stylish rooms across five categories: Deluxe, Deluxe Twin, Club, Premier, and Suite, many offering private balconies with scenic views. The hotel also includes over 6,500 square feet of banquet space, including a 752 square foot private dining area, catering to both intimate events and large-scale gatherings.

Kamat Hotels (India) continues to strengthen its presence in the hospitality sector through its hotels, resorts, and restaurants across the country.