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Sayaji Hotels , stock up 15% on high volume.

rakeshseth's picture
Submitted by rakeshseth on November 19, 2009 - 03:45

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Submitted by rakeshseth on November 19, 2009 - 03:49. #

Sayaji Hotels stock jumped 8 Rs to close at 67 almost reaching it's 52 week high. Sayaji runs three stars hotels at Indore, Pune and Baroda. Most  recently it's being watched for it's new venture called Barbeuq nation. That's a almost first entry for Indian public company in restaurant business.

Current market cap is at 87 Cr but company is loaded with high debt. That brings enterprise value more than 200 cr. Stock seems to be reasonably priced and if the execution of restaurent business done well, it's could be multi bagger you will remember .

 

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