The Byke Hospitality acquires two properties on long term lease

India Infoline News Service | Mumbai | September 22, 2016, 10:40 IST

The company has acquired ‘The Byke- Grassfield Riviera’ in Jaipur on Long Term Lease.

The Byke Hospitality has acquired two new properties on long term lease.  The company has acquired ‘The Byke- Grassfield Riviera’ in Jaipur on Long Term Lease. The hotel is located on Ajmer Road. It has 80 well appointed Rooms, Swimming Pool, Spa, Gym, Cricket Ground and Banquet Hall, Party lawn with an excellent view and other high tech amenities and services.

Besides, the company has acquired ‘Hotel Delotel’ in Borivali on Long Term Lease. The hotel is located at Chandavarkar Road, Borivali West, Mumbai. It has 40 well appointed Rooms, Restaurant and Conference/ banquet Room with an excellent view and other high tech amenities and services.

Stock view:

The Byke Hospitality Ltd is currently trading at Rs. 163.9, up by Rs. 2.9 or 1.8% from its previous closing of Rs. 161 on the BSE.

The scrip opened at Rs. 162.2 and has touched a high and low of Rs. 164.85 and Rs. 162.2 respectively. So far 41333 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 645.57 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.25 on 30-May-2016 and a 52 week low of Rs. 148.1 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 162.15 and Rs. 157 respectively.

The promoters holding in the company stood at 44.46 % while Institutions and Non-Institutions held 11.96 % and 43.59 % respectively.

The stock is currently trading above its 100 DMA.

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.