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Mahindra Holidays rises on acquiring 100% stake in Competent Hotels

19 Jun 2014 Evaluate

Mahindra Holidays & Resorts India is currently trading at Rs 299.60, up by 1.30 points or 0.44% from its previous closing of Rs 298.30 on the BSE.

The scrip opened at Rs 301.95 and has touched a high and low of Rs 304.15 and Rs. 295.45 respectively. So far 10847 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs 326.50 on 11-Jun-2014 and a 52 week low of Rs 206.00 on 10-Sep-2013.

Last one week high and low of the scrip stood at Rs 318.90 and Rs 285.65 respectively. The current market cap of the company is Rs 2668.75 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 13.71% and 11.29% respectively.

Mahindra Holidays & Resorts India (MHRIL) has purchased 100% stake in Competent Hotels, which owns a resort comprising of 60 rooms in Manali, Himachal Pradesh. Consequent to this, CHPL has become wholly owned subsidiary of the Company. This is company’s second resort in Manali and with this acquisition, MHRIL takes its resort count to 41.

Mahindra Holidays’ resort footprint in North India now includes Corbett, Naukuchiatal (near Nainital), Binsar, Manali, Dharamshala, Mashobra (Shimla), Kanatal (near Mussoorie), Kandaghat (near Shimla) and Mussoorie.

Mahindra Holidays & Resorts India (MHRIL), India’s leading player in the vacation ownership industry offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company include Club Mahindra Fundays and Club Mahindra Travel.

Mahindra Holi.&Resor Share Price

255.60 7.55 (3.04%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 641.30
ITC Hotels 155.05
EIH 311.90
Chalet Hotels 770.10
Mahindra Holi.&Resor 255.60
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