The announcement was made after market hours on Monday, 14 December 2009.

Meanwhile, the BSE Sensex was down 39.54 points, or 0.23%, to 17,058.01

On BSE, 71,435 shares were traded in the counter. The scrip had an average daily volume of 69,107 shares in the past one quarter.

The stock hit a high of Rs 80.60 and a low of Rs 77 so far during the day. The stock had a 52-week high of Rs 83.45 on 16 October 2009 and a 52-week low of Rs 37.25 on 27 January 2009.

The small-cap scrip outperformed the market over the past one month till 14 December 2009, rising 13.76% as compared to the Sensex's 1.48% rise. It had also outperformed the market in the past one quarter, surging 28.27% as compared to the Sensex's return of 5.45%.

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

The current price of Rs 79.85 discounts its Q2 September 2009 annualized EPS of Rs 2.76, by a PE multiple of 28.93

Royal Orchid Central is a four star hotel with 104 rooms and situated at Ellis bridge, opposite to Gujarat College in Ahmedabad. The hotel is fully owned by one of the wholly owned subsidiaries of Royal Orchid Hotels.

Royal Orchid Hotels' net profit declined 62.80% to Rs 1.88 crore on 24.10% fall in net sales to Rs 18.39 crore in Q2 September 2009 over Q2 September 2008.

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