SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Advani Hotels touches the roof on the buzz of ITC acquiring Ramada Caravela for Rs 700 crore

14 Jul 2014 Evaluate

Advani Hotels & Resorts (India) is currently trading at its upper circuit limit of Rs. 51.60, up by 8.60 points or 20.00% from its previous closing of Rs. 43.00 on the BSE.

The scrip opened at Rs. 51.60 and has touched a high and low of Rs. 51.60 and Rs. 51.60 respectively. So far 7387 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 51.60 on 14-Jul-2014 and a 52 week low of Rs. 27.10 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 51.60 and Rs. 42.95 respectively. The current market cap of the company is Rs. 238.49 crore.

The promoters holding in the company stood at 50.17% while Institutions and Non-Institutions held 0.13% and 49.71% respectively.

ITC’s hotel division, reportedly is close to acquiring the Ramada Caravela Beach Resort from Advani Hotels & Resorts in a deal which may cost around Rs 700 crore. The 199-room, five-star deluxe hotel, which had a third of its rooms renovated in October last year is managed by US headquartered Wyndham Worldwide. With this, ITC may be able to get its first luxury property in Goa, which among country’s top tourism destinations.

The hotel has more than 1 lakh sq ft of additional floor space index (FSI) available, which will be utilised by the potential acquirer to undertake any expansion, adding new services such as a spa or more rooms or villas and conference centres, among others. FSI refers to the ratio that determines how many floors a building can have. The Ramada property has substantial scope for expansion and is very close to the sea, making it an ideal choice for a luxury hotel operator.

Meanwhile, ITC is planning at launching six new hotels by 2018. The company will soon open resort properties in Manesar near Gurgaon and Mahabalipuram near Chennai, followed by upcoming premium hotels in Hyderabad, Kolkata and Ahmadabad, slated to be launched in 2014-2017.

 

Advani Hotel&Resorts Share Price

54.70 -0.21 (-0.38%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 638.90
ITC Hotels 160.50
EIH 331.60
Chalet Hotels 788.65
Mahindra Holi.&Resor 267.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×