Leela Palaces Stock Jumps 10% After Strong Q2 Results; See What Management Says About FY27 Outlook
India, Oct. 15 -- Writing
The shares of this small cap company majorly engaged in operating a hybrid asset-light and asset-heavy model by combining direct hotel ownership with long-term hotel management and franchise agreements. The stock jumped nearly 10 percent after announcing its Q2 FY27 result
With the market capitalization of Rs. 20,121 Crores, the shares of Leela Palaces Hotels & Resorts Ltd reached an intraday high of Rs. 650.40 per share rising nearly 10 percent from its previous day close of Rs. 591.30 per share and is trading at a P/E of 43 whereas industry P/E stands at 26.8
Strong quarterly performance supported investor sentiment
Leela Palaces Hotels & Resorts recorded impressive results in Q2 FY27, with an increase in ope...
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