Bengaluru, April 8 -- engaged in operating, managing, and franchising hotels and resorts, providing accommodation, dining, events, and hospitality services across business and leisure segments, jumped 10.73 percent after signing a strategic agreement with Hilton.

With a market capitalization of Rs. 924.64 crores, the share of Royal Orchid Hotels Limited has reached an intraday high of Rs. 339.95 per equity share, rising nearly 10.73 percent from its previous day's close price of Rs. 307. Since then, the stock has retreated and is currently trading at Rs. 337.15 per equity share.

Reason Behind the Surge

Hilton has signed a major agreement with Royal Orchid Hotels Limited to develop 125 Hampton by Hilton hotels across India by 2035. This...