SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sterling Holiday Resorts slumps as Rakesh Jhunjhunwala sells most of its stake

27 Apr 2015 Evaluate

Sterling Holiday Resorts (India) is currently trading at Rs. 245.00, down by 25.20 points or 9.33% from its previous closing of Rs. 270.20 on the BSE.

The scrip opened at Rs. 265.00 and has touched a high and low of Rs. 268.00 and Rs. 235.00 respectively. So far 57043 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.40 on 17-Apr-2015 and a 52 week low of Rs. 94.20 on 07-May-2014.

Last one week high and low of the scrip stood at Rs. 279.00 and Rs. 235.00 respectively. The current market cap of the company is Rs. 2234.01 crore.

The promoters holding in the company stood at 55.07% while Institutions and Non-Institutions held 17.93% and 27.00% respectively.

Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and vacation ownership company Sterling Holiday Resorts (India), for a cumulative trade price of Rs 67.21 crore. The investor sold 24,35,500 equity shares in the company for a trade price of Rs 276 per share, through bulk deals in Bombay Stock Exchange. Jhunjhunwala had 31,30,000 equity shares, which is 3.48 per cent of the total shares in the company.

Moreover, ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.

Sterling Holiday Resorts is in the business of developing and running holiday resorts, hotel, restaurants etc. It has holiday resorts at various cities including Kodaikanal, Goa, Manali, Munnar, Puri, Darjeeling, Lonavala, Gangtok etc.

Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
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:

×