Kamat Hotels touches 5% upper circuit as it reportedly set to open hotel in Ayodhya
Zee Business report says the company would get huge benefit due to increased tourism in Ayodhya due to the opening of Ram Mandir. While the company is preparing to open a 50-room hotel in Ayodhya, it is planning to open two more hotels in the town.
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Kamat Hotels Share Price: Kamat Hotels touched an upper circuit of 5 per cent in morning deals on BSE on Thursday (January 11, 2024) after a Zee Business report says the company is getting boost from increased tourism in Ayodhya and is going to open a new hotel.
The stock of the hotel chain was trading higher by 5 per cent, or Rs 13.65, at Rs 286.90 at 10:13 an on Thursday.
Zee Business, quoting sources, said that the company would get huge benefit due to increased tourism in Ayodhya due to the opening of Ram Mandir.
While the company is preparing to open a 50-room hotel in Ayodhya, it is planning to open two more hotels over there. It has the plan of opening a total of three hotels in Ayodhya.
Ram Mandir in Ayodhya is scheduled to be inaugurated on January 22, 2024.
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