19 Apr 2025

UVS Hospitality Shares Edge Up; Subsidiary Signs Deal for New Restaurant in Australia

UVS Hospitality and Services is currently trading at RS. 112.00, marking an increase of 1.00 point or 0.90% from its previous close of RS. 111.00 on the BSE.

The stock opened at RS. 110.00 and has moved between a high of RS. 112.00 and a low of RS. 110.00 during the trading session. A total of 1652 shares have been exchanged so far.

A BSE group 'XT' stock with a face value of RS. 10, UVS Hospitality has touched a 52-week high of RS. 236.95 on February 10, 2025, and a 52-week low of RS. 85.20 on May 13, 2024. Over the past week, the scrip's high and low stood at RS. 113.00 and RS. 106.95, respectively. The company's market capitalization is currently RS. 401.10 crore.

Promoters hold 42.51% of the company, while institutional and non-institutional investors hold 0.38% and 57.10%, respectively.

In a key development, the company's wholly owned subsidiary, UVS Investment Management Pty, has signed a letter of intent with a franchisee to open a new restaurant in Caulfield, Australia, on April 16, 2025. This addition brings the total number of restaurants operated by the company to 6 in Australia and 4 in India, including franchise outlets. A formal Franchisee Agreement will be signed soon.

UVS Hospitality and Services is actively expanding in the Food and Beverage sector, with plans to establish food kiosks in high-footfall locations, offering a rich gastronomic experience to customers.