Chalet Hotels drops 3% on exclusion from MSCI India Domestic Small Cap Index

INSUBCONTINENT EXCLUSIVE:
Small Cap Index. The stock fell 2.79 per cent to hit a low of Rs 345.80 on BSE
33.3 crore from Rs 14.1 crore in the corresponding quarter of the previous year. Nirmal Bang Institutional Equities has retained its
The brokerage values the stock at 20 times September FY22 EV/EBITDA for the Hospitality segment to arrive at a target of Rs 324, which is
Retail and Commercial segment revenue grew by 117 per cent YoY, though on a low base
Growth in retail and commercial revenue was driven by the opening of 17 new outlets in Orb Sahar and the Sahar Office tower, achieving 90
6,863 in December quarter from Rs 6,245 in the year-ago quarter last year
The company said its average daily rate for the quarter stood at Rs 9,201, higher by 8.9 per cent from the same quarter last year while
occupancy for the quarter was at 74.6 per cent as compared to 73.9 per cent in the same quarter of the previous year.