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Sayaji Hotels hits upper circuit after subsidiary expands with new properties in eight cities

Sayaji Hotels Management Limited has signed agreements for the expansion by having new properties in Madhya Pradesh, Maharashtra, and Gujarat.

November 30, 2021 9:42 IST | India Infoline News Service
Sayaji Industries
Sayaji Hotels Limited subsidiary Sayaji Hotels Management (SHML) has signed and entered into 8 management agreements/franchise agreements/ term sheets for the expansion of SHML by having new properties in Madhya Pradesh, Maharashtra, and Gujarat.

The company stock was in demand on Tuesday and at around 9.47 am, Sayaji Hotels Ltd was trading at Rs241 per piece up by Rs9.95 or 4.31% from its previous closing of Rs231.05 per piece on the BSE. The scrip opened at 5% upper circuit Rs242.60 per piece on Tuesday. 

The new properties are in the following cities
I. Pithampur, Madhya Pradesh
2. Rewa, Madhya Pradesh
3. Sangli, Maharashtra
4. Aurangabad, Maharashtra
5. Dwarka: Gujarat
6. Satara, Maharashtra
7. Lonavla, Maharashtra
8. Sarola, Maharashtra

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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