by Ritmbarah Arora
Chalet Hotels: The share price of Chalet Hotels skyrocketed 8.2% to Rs 350.5 as of this writing. Around 40,632 shares in volume have been traded so far. The share price gained 3% since the past week and 4.7% since the last month.
Chalet Hotels had reported a net profit after tax of Rs 33.3 crore in Q3FY20, up 134% from Rs 14.1 crore in the same quarter, previous year. Total income for the third quarter ending December 2019 was Rs 284.7 crore against Rs 254.9 crore in Q3FY19. EBITDA was at Rs 118.9 crore compared to Rs 121.3 crore in the corresponding quarter, previous year. Chalet Hotels is listed in 17 screeners on Trendlyne.
Gayatri Projects: The share price of Gayatri Projects surged 4.8% to Rs 21.7 while around 5.3 million shares in volume have been traded so far today. The share price has fallen 14.2% since the last week and 65.7% since the last month, per Trendlyne data. Gayatri Projects had reported a consolidated net loss of 3.7 crore for the third quarter ending December 31, 2019 against a net profit of Rs 37.9 crore in the year ago period.
Lemon Tree Hotels: The share price of Lemon Tree Hotels jumped 6.1% to Rs 56 as of now. Around 6.5 lakh shares on volume have been traded so far. The stock price has fallen 10.1% since the last week and is up 4.7% since the last month. Lemon Tree Hotels announced yesterday, February 27, 2020 about the launch of its new hotel in Bhutan.
Mr. Rattan Keswani, Deputy Manager of the hotel spoke about the occasion, “This is our first operating hotel in Bhutan, and we feel that the market holds immense business potential. We have a locational advantage, with the hotel strategically situated in immediate proximity to key attractions like the famous Changlimithang stadium, Norzin Lam street, the clock tower square and also close to other attractions such as the iconic statue of Buddha Dordenma, TashichhoDzong, DechenPhodrang Monastery. The hotel is also well connected to the Paro International Airport and the Thimphu Bus Station”. Lemon Tree Hotels is listed in 19 screeners on Trendlyne.
Dewan Housing Finance Corporation Ltd: The stock price of Dewan Housing Finance Corporation (DHFL) is in the top gainers for the second consecutive trading session. The share price advanced 4.8% to Rs 14.2 while around 2.3 million shares in volume have been traded so far. The stocks of DHFL gained 26.2% since the past week and has decreased 5.7% since the last month. The company is listed in 24 screeners on Trendlyne.
Mishra Dhatu Nigam: The share price of Mishra Dhatu Nigam rallied 4.7% to Rs 265.6 for the second continuous trading session and touched its news 52-week high today. Around 6.2 million shares in volume have been traded so far. The stock price is up 13.8% since the last week and 57.1% since the last month.
Mishra Dhatu Nigam had hit upper circuit of 20% at Rs 253 on Thursday, February 27, 2020. The stock surpassed its previous high of Rs 249 on February 20, 2020. A meeting of Board of Directors will be held on Tuesday, March 3, 2020 to consider a proposal relating to declaration of interim dividend, if any for the financial year 2019-20. Mishra Dhatu Nigam is listed in 32 screeners on Trendlyne.