On the back of in-line September quarter results, strong growth outlook, robust room additions, and high EBITDA, brokerage house Nuvama has retained its ‘buy’ call on hotel stock Royal Orchid Hotels (ROHL) with a target price of ₹498, indicating an upside of 63 percent.
3 min read29 Nov 2023Firm says banks to be hired in 3 months for IPO, which will also provide a partial exit to its existing PE investor
3 min read12 Jan 2016Also, margins are expected to stay largely flat for 2014-15 while a moderate but sub-par expansion likely in 2015-16
1 min read24 Feb 2015Royal Orchid Hotels chairman C.K. Baljee says Getting India Back on Track: An Action Agenda for Reform is a book that has truly inspired him
1 min read4 Nov 2014Royal Orchid Hotels lines up mid-market brand
2 min read21 Sep 2011Supply surge to dampen recovery in hotels’ profits
2 min read2 Sep 2010Hotels trying to attract guests in bleak season
2 min read28 Apr 2009Royal Orchid Hotels to expand via management, lease contracts
1 min read2 Dec 2008The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared