{"id":122650,"date":"2024-04-18T13:31:14","date_gmt":"2024-04-18T08:01:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122650"},"modified":"2024-04-18T13:34:59","modified_gmt":"2024-04-18T08:04:59","slug":"hospitality-stock-jumps-3-after-opening-a-hotel-in-ayodhya","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hospitality-stock-jumps-3-after-opening-a-hotel-in-ayodhya\/","title":{"rendered":"Hospitality stock jumps 3% after opening a hotel in Ayodhya"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3188114446\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this leading hospitality company gained 5% to \u20b9304.65 per share on Thursday after the company opened a new hotel, IRA by Orchid, in Ayodhya, Uttar Pradesh.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4231090146\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:30 p.m.,<strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KAMATHOTEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"> Kamat Hotels (India) Ltd<\/a><\/strong> shares were trading at \u20b9303.25 a share on the National Stock Exchange, up 4.42% from the previous close price, and the company has a market capitalization of \u20b9746 crores.\u00a0<\/p><p>Kamat Hotels (India) Ltd (KHIL) has launched a new hotel named, The IRA by Orchid in Ayodhya, Uttar Pradesh. This hotel offers 49 rooms across different categories such as Deluxe, Luxury, and Temple View Royal Suites. Additionally, the property boasts two banquet halls, each spanning 4,200 square feet, making The IRA by Orchid a perfect choice for weddings, celebrations, and corporate events, as indicated in the company&#8217;s filing.&nbsp;<\/p><p>The company\u2019s hotel, IRA by Orchid, provides easy access to prominent attractions, including Shree Ram Janmbhoomi Teerth Kshetra, Sita Ki Rasoi, and Nageshwarnath Temple.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3403853503\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Kamat Hotels India Ltd is one of the companies of the Kamats Group. The company is engaged in the Hospitality business and other related services like hotel consultancy, setup,etc.&nbsp;<\/p><p>Kamat Hotels (India) Limited, the flagship entity of the Kamat Group, is renowned for its globally recognized brand\u2019, &#8216;The Orchid&#8217;, an Ecotel Hotel.Positioned in the mid to up-market category, it was Asia&#8217;s first chain of 5-star, environment-sensitive hotels.&nbsp;<\/p><p>The company\u2019s hotels are placed in the prime locations across cities such as Mumbai, Pune, and Konark Bhubaneswar. As of FY23, Kamat Hotels operates five brands with 13 properties in the 4\/5-star category, providing around 1,500 rooms. In FY23, room income contributed to 62% of the company&#8217;s revenue, while food and beverages accounted for the remaining 38%.&nbsp;<\/p><p>Over the past six months, Kamat Hotels&#8217; shares have risen by 43%, and over the last 12 months, they have surged by an impressive 116%.&nbsp;<\/p><p>The company&#8217;s annual revenue witnessed a modest growth of 2.3%, rising from \u20b984 crore in Q3FY23 to \u20b986 crore in Q3FY24. Concurrently, the net profit witnessed a substantial increase of 50%, escalating from \u20b928 crore to \u20b942 crore during the same period.\u00a0<\/p><p>As of the shareholding pattern in March, the company&#8217;s promoter holds a 63.34% stake, while retail investors own a 36.40% stake.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3143824715\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3006043637\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this leading hospitality company gained 5% to \u20b9304.65 per share on Thursday after the company opened a new hotel, IRA by Orchid, in Ayodhya, Uttar Pradesh.&nbsp; At 12:30 p.m., Kamat Hotels (India) Ltd shares were trading at \u20b9303.25 a share on the National Stock Exchange, up 4.42% from the previous close price, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[17805,17806,948,936,3153,3157,2597],"class_list":["post-122650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kamat-hotel-latest-news","tag-kamat-hotels-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hospitality stock jumps 3% after opening a hotel in Ayodhya<\/title>\n<meta name=\"description\" content=\"The shares of this leading hospitality company gained 5% to \u20b9304.65 per 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