This Hotel Chain Stock Up 121% In 2022, At 52-Week High Today, Board Expecting Strong Growth: Buy?

The share price of Royal Orchid Hotels Limited reached a fresh 52-week high-level today, on August 9. On the back of a bullish Nifty 50. In 2022, the smallcap hotel company's stock has surged by 121%, giving high returns to its investors. As the effects of Covid on the tourism and hospitality business are staying under control now, the hotel stocks can be profitable for investors to buy for gaining high returns further.

Royal Orchid Hotels Limited: NSE performance

The current market price of Royal Orchid Hotels Limited stood at Rs. 193.40/share on NSE, gaining by 9.89%, till last traded. In the last 5 days, the share price of this company has surged by 11.02% on NSE, and in the last 1 month, its share price has surged by 31.16%. In the past 6 months, it has surged 100.21%, and this stock has given a sharp return of 141.90%, in the last 1 year.

The 52-week high level of this stock is Rs. 197.70, and the 52-week low level of this stock is Rs. 66.85.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 528 crore	Rs. 193.40	11.02%	31.16%

Financial performance & about the company

According to data available with NSE, in Q4 FY22, the company's total income stood at Rs. 2,656.86 lakh, as against Rs. 2,928.59 lakh in the previous quarter. The company's profit before tax or PBT was reported at Rs. 397.33 lakh in Q4 FY22, as against Rs. 310.43 lakh in Q3 FY22. The company's net loss was reported at Rs. 278.16 lakh in Q4 FY22, as against Rs. 180.79 lakh in Q3 FY22.

Royal Orchid and Regenta Hotels is one of India's fastest-growing hospitality brands, managing a portfolio of over 70+ properties across the country. The company has a growth plan to reach 100 hotels by 2022. In the recent period, post-pandemic, the hotels' occupancies have increased significantly helping its profits to grow in Q4FY22. The company's board is planning to open at least 20 hotels this year.

Disclaimer

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