Mumbai, December 3 (Udaipur Kiran): Sayaji Hotels was trading at Rs. 286.80 on the BSE, up by 5.70 points or 2.03 per cent from its previous close of Rs. 281.10.
The stock opened at Rs. 291.00 and touched a high of Rs. 291.85 and a low of Rs. 286.80 during the session. So far, 902 shares have been traded on the counter.
The BSE Group ‘X’ stock, with a face value of Rs. 10, has touched a 52-week high of Rs. 385.00 on January 10, 2025, and a 52-week low of Rs. 240.00 on February 19, 2025. Over the past one week, the stock has traded between Rs. 281.10 and Rs. 298.20. The company’s current market capitalisation stands at Rs. 502.42 crore.
Promoters hold 65.84 per cent stake in the company, while institutional and non-institutional investors hold 0.02 per cent and 34.14 per cent respectively.
Sayaji Hotels has entered into a Hotel Management Agreement with Ranjangaon Hotel LLP to provide operational services and manage the property in line with the brand’s standards. Under the agreement, Sayaji Hotels will manage and operate the 4-star rated hotel owned by Ranjangaon Hotel LLP at Ranjangaon Ganpati, Pune.
The hotel will operate under the brand name ‘Effotel by Sayaji’ and will consist of 50 rooms, one banquet hall, two restaurants, a gym and a spa. The agreement is for a period of 15 years from the date of commercial commencement, with a provision for renewal for additional five-year terms on mutually agreed conditions.
Sayaji Hotels is primarily engaged in the business of owning, operating and managing hotels.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
