The company made this announcement after trading hours on Tuesday, 18 December 2007.

Meanwhile, BSE Sensex was down 8.77 points or 0.05% to 19,070.87

On BSE 1.04 lakh shares were traded in the counter. The stock had an average daily volume of 19,504 shares in the past one quarter.

The stock hit a high of Rs 158 and a low of Rs 147 so far during the day. The stock hit a 52-week high of Rs 225 on 11 June 2007 and a 52-week low of Rs 110 on 19 October 2007.

The small-cap scrip had outperformed the market over the past one month till 18 December 2007, gaining 4.85% as compared to the Sensex’s decline of 2.82%. It had underperformed the market in the past one quarter, declining 8.17% as compared to the Sensex’s rise of 16.89%.

The company’s current equity is Rs 27.23 crore. Face value per share is Rs 10.

The current price of Rs 153 discounts Q2 September 2007 annualized EPS of Rs 10.93 by a PE multiple of 14.

Royal Orchid said it plans to invest $25 million in developing the property.

Royal Orchid Hotels’ net profit rose 11.4% to Rs 7.44 crore on 5.7% growth in net sales to Rs 19.04 crore in Q2 September 2007 over Q2 September 2006.

The company's principal activity is operations of hotels in India.