17 Apr 2025

Le Lavoir Shares Surge Over 4% After Securing New Contract with Fariyas Hotels

Le Lavoir is currently trading at RS. 326.75, rising by 12.70 points or 4.04% from its previous close of RS. 314.05 on the BSE.

The stock opened at RS. 319.00 and moved between a high of RS. 329.75 and a low of RS. 319.00 during the session. A total of 5285 shares have changed hands so far.

Classified under the BSE group 'XT', Le Lavoir has a face value of RS. 10. It touched a 52-week high of RS. 432.50 on December 6, 2024, and a 52-week low of RS. 121.30 on April 25, 2024. Over the past week, the stock recorded a high of RS. 346.60 and a low of RS. 311.60. The current market capitalization of the company stands at RS. 106.84 crore.

In terms of shareholding, promoters hold 3.76% stake, while institutions and non-institutions hold 1.02% and 95.22% respectively.

Le Lavoir has signed a one-year agreement with Fariyas Hotels to provide laundry services at their Andheri East unit. Operating under the brand name ‘Le Lavoir’, the company is eyeing expansion into institutional and retail markets. As part of its growth strategy, the company plans to establish multiple laundry units across India in addition to its existing Mumbai facility.

Le Lavoir is primarily engaged in providing professional laundry services.