Multibagger Stocks: This hotel gave fantastic returns of over 130% in just one year – shares of royal orchid & regenta hotels delivered fantastic returns in just one year!

Multibagger Stocks: This hotel gave fantastic returns of over 130% in just one year – shares of royal orchid & regenta hotels delivered fantastic returns in just one year!

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Mumbai: Every investor is on the lookout for multibagger stocks. The stock of the company we are talking about today is similar. This company is Royal Orchid Hotels Limited. Its shares have given multibagger returns to its shareholders in the last one year. Last year on May 2, the share price of the company was Rs 141.95, which has increased to Rs 337.50 today. This is a growth of over 130%. Royal Orchid & Regenta Hotels is one of the fastest growing hospitality brands in India. It manages a portfolio of over 3920 guest rooms in 58 hotels and resorts in 38 cities across the country. It was founded in 2001 by industry veteran Chander K Baljee. By the year 2022, a chain of 100 hotels will be ready near it. Also it has become a well known and trusted brand of the country.

The company has recently purchased a new property located in Pune. The Pune-based Regenta Central Grand Exotica is among the brand offerings of the company. The company has acquired this property on a revenue-sharing formula, which will directly contribute to the bottom line income.

Shares of Royal Orchid & Regenta Hotels today opened at Rs 345.45 which is today’s high. At the lower level, the company’s stock touched Rs 334.75. At present the stock is trading at Rs 337 with a loss of 0.85%.

The stock’s 52 week high is Rs.348 and 52 week low is Rs.112.55. The company with a market capitalization of Rs 911.48 crore has a RoCE of 7.53 percent and an ROE of 3.28 percent.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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