Apollo Sindoori share price increases by 15% on 11 January 2024.

Apollo Sindoori Share Price 🚀💰

📈 Apollo Sindoori Hotels’ share price has seen a significant increase in recent days, reaching ₹2,300 on Wednesday, a rise of over 15% from the previous day’s closing price of ₹1,996.65. This is also the highest level the stock has reached in the past 52 weeks, as it had dropped to ₹1,020 in February last year.

💼 The company primarily operates in the hospitality sector and has a multi-level parking facility in Ayodhya. The parking area, located in Ayodhya’s Tehri Bazaar, is capable of serving over 1,000 tourists and covers an area of 3,000 square meters.

💰 In the September quarter, the company reported a net sales of ₹71.72 crore, a 14.41% increase compared to the same quarter last year. The net profit for the quarter stood at ₹3.19 crore, with an EBITDA of ₹6.41 crore. The company’s earnings per share came in at ₹12.26.

🕌 With the preparations for the construction of the Ram Temple in Ayodhya in full swing and the city expected to become a smart city with investments from Prime Minister Narendra Modi, there is a growing interest among investors in Ayodhya-related stocks. The anticipated growth in tourism and future investments in the city are expected to boost hospitality businesses like Apollo Sindoori Hotels.

🌟 So, keep an eye on Apollo Sindoori’s share price as it continues to surge with a 6.22% increase today, currently trading at ₹2,544.90. The company’s connection to Ayodhya and its potential for growth make it an intriguing stock to watch in the coming days.

Stay tuned for more updates on Apollo Sindoori’s share price and the developments in Ayodhya! 📈💼🕌

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