/ Ways2Capital :Royal Orchid Hotels Declare Interim Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 20 February 2017

Royal Orchid Hotels announced that in its board meeting, the members have approved for an interim dividend. The interim dividend will be at 10% i.e. at the rate of Re 1/- (Rupee One only) per fully paid up equity share of face value Rs 10/- each for the financial year 2016-17.

The stock in a period of one year has delivered 31.03% returns. The stock has underperformed the BSE small-cap index and Nifty Service Sector.Royal Orchid Hotels currently has hotels 6 in Bangalore, 4 in Jaipur, 2 each in Mysore, Pune and Goa and 1 each in Gurgaon, Navi Mumbai, Chandigarh, Hospet.

Royal Orchid Hotels is India's fastest growing hotel chain which has been listed in the Bombay and National Stock Exchange since 2006.

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