Shares of this hospitality stock under the ‘small-cap’ category jumped up to 4 percent in Wednesday’s trading session after a well-known Domestic Mutual Fund bought a stake in the company via a Bulk Deal. Year-to-date, the company’s stock has gained more than 20 percent for its holders.
With a market capitalization of Rs 4,524.23 crores, the stocks of Samhi Hotels Limited opened their trading hour on Wednesday at Rs 206.95 and closed the session at Rs 207.50. The company’s scrip witnessed an intra-day high price of Rs 212.85 indicating a gain of around 4 percent compared to the previous close of Rs 205.60 apiece.
Such bullish stock price behavior is observed after a Domestic Mutual Fund bought a stake in the company. As per the Bulk Deal data available with the National Stock Exchange (NSE), “Aditya Birla Sun Life Mutual Fund – Equity Advantage Fund” bought 15 lakh equity shares of the company at an average trading price of Rs 202.54 per share.
During the recent financial quarters, the company’s basic business indicators, viz, its operating revenues as well as after-tax profits, showed some positive movements with the former moving up from Rs 220 crores during Q2FY24 to Rs 268 crores during Q3FY24, and the latter, during the same period, reduced its losses from Rs 88 crores to Rs 74 crores.
Having a glance at the financials of the company, the return ratios have shown improving numbers with the return on capital employed (RoCE) transitioning from negative returns of 4 percent during FY21-22 to positive returns of 12.50 percent during FY22-23.
With the company being professionally managed, the Foreign Institutional Investors (FIIs), as per the December 2023 quarter, hold a considerable stake of 64.42 percent, and the Public (retail) Investors, as per the same time horizon, hold a 14.16 percent stake in the company.
Founded in 2010, Samhi Hotels Limited is an India-based company having a prominent hotel ownership and asset management platform. Their hotels are operated under long-term management contracts with various well-recognized and established hotel operators such as Marriott, Hyatt, IHG, and many more.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
