Wednesday 17 October 2012

Kamat Hotels Surges New Business Operations

Kamat Hotels is currently trading at Rs. 130.00, up by 3.25 points or 2.56% from its previous closing of Rs. 126.75 on the BSE. The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 130.00 and Rs. 128.00 respectively.

Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 126.00 respectively. The current market cap of the company is Rs. 248.21 crore. The promoters holding in the company stood at 51.70% while Institutions and Non-Institutions held 1.56% and 46.74% respectively.

Kamat Hotels India, country’s largest hospitality chain is planning to restructure its business operations, under which it has decided to sell three land parcels and adopt the franchisee route for expansion. It is looking to expand its presence in Maharashtra and Gujarat through the franchisee model.

The entity also plans to scale up its regional sales offices from seven to 13 within the next one year. These new offices will come up in cities like Kolkata, Kochi and Panjim. The hotel chain is currently present in cities like Mumbai, Delhi, Goa, Pune, Aurangabad, Bhubaneshwar and Konark. [ Via ]

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