Penny Stock Under Rs 15: Eco Hotels Expands into Mumbai Metropolitan Region with Greenfield Project in Dombivli
Kiran DSIJCategories: Penny Stocks, Trending
The stock is up by 18 per cent from its 52-week low of Rs 11.05 per share and down by 45 per cent from its 52-week high of Rs 23.54 per share.
Eco Hotels and Resorts Limited (EHRL) has signed its first Greenfield project in the Mumbai Metropolitan Region (MMR), marking a significant milestone in the company's rapid expansion. This entry into MMR comes just two years after Eco Hotels' initial deal, highlighting the Company’s aggressive growth strategy and commitment to broadening its footprint in key urban markets.
The new property, located in Dombivli, will be branded under “The Eco”, Eco Hotels' flagship premium mid-range brand. This hotel will cater to both leisure and business travellers, offering high-quality accommodation and services. The property is planned to open within the next 24 months, providing an exciting new offering for guests and businesses in the region.
The hotel will feature between 65 to 70 rooms, with a 5,000 square feet banquet hall designed for corporate events and social gatherings. Additionally, guests will enjoy Sahar, the signature "Back to the Roots" restaurant, as well as GG's, a rooftop open-to-sky restaurant with a covered bar. The property will also include a dance floor and restaurant, Kick in the Brick, offering a vibrant space for guests to unwind.
This will be a large-scale development, spread across more than 10 acres, which will also include a high-street shopping complex, a school, a hospital and a residential complex. This integrated development will create a holistic, community-driven environment for both residents and visitors.
About the Company
Eco Hotels and Resorts Ltd, established in 1987 and headquartered in Mumbai, operates as a premium value hotel chain specialising in the mid-scale and sub-midscale segments across Tier 1, 2 and 3 cities. The company manages a comprehensive hospitality portfolio that includes hotel Construction, day-to-day operations and allied services such as food, beverages and ticketing. Notably, the brand has carved out a unique market niche by positioning itself exclusively as a vegetarian and vegan provider, catering to the growing demand for sustainable and plant-based lifestyle options within the Indian hospitality sector.
The company has a market cap of Rs 65 crore and the stock is trading under Rs 15 per share. The stock is up by 18 per cent from its 52-week low of Rs 11.05 per share and down by 45 per cent from its 52-week high of Rs 23.54 per share.
Disclaimer: The article is for informational purposes only and not investment advice.