Luxury hotel development and ownership firm Juniper Hotels specializes in operating hotels under the renowned “Hyatt” brand, boasting a portfolio comprising seven upscale hotels and serviced apartments. Collectively, these establishments offer an impressive total of 1,836 rooms, catering to discerning travelers seeking premium accommodation experiences.
Juniper Hotels Ltd witnessed a surge in its share price during morning trading on February 29, following the acquisition of 21.7 lakh equity shares, equivalent to a 0.98 percent stake, by Norges Bank through the Government Pension Fund Global. The bulk deal transpired at an average price of Rs 398.15 per share, contributing to the heightened investor interest in the luxury hotel chain.
During the trading session thus far, Juniper Hotels witnessed substantial activity, with a total of 50 lakh shares exchanging hands on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of 11:52 am, Juniper Hotels shares exhibited strong performance on the NSE, trading at Rs 437.95, marking a notable 9 percent increase. This surge propelled the company’s market capitalization to Rs 9,767.8 crore, reflecting the growing investor confidence in the luxury hotel chain.
Juniper Hotels, a luxury hotel development and ownership company renowned for its association with the prestigious “Hyatt” brand, made its debut on the National Stock Exchange (NSE) on February 28, listing at Rs 365 per share, marking a premium of 1.33 percent over the issue price. Simultaneously, the stock debuted on the Bombay Stock Exchange (BSE) at Rs 361.20 per share, reflecting a premium of 0.33 percent. Impressively, Juniper Hotels concluded its debut day with a remarkable surge of 10.36 percent, closing at Rs 397.30.
The company’s initial public offering (IPO), held from February 21 to February 23, offered shares in the price range of Rs 342 to Rs 360 apiece. Through this offering, Juniper Hotels successfully raised a total of Rs 1,800 crore via a fresh share sale of up to 5 crore equity shares.
Headquartered in Mumbai, Juniper Hotels boasts a diverse portfolio comprising seven upscale hotels and serviced apartments, collectively offering a total of 1,836 rooms. Operating under three distinct segments – luxury, upper upscale, and upscale – Juniper Hotels manages renowned properties such as the Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi.
Juniper Hotels faced a net loss of Rs 26.5 crore for the months ended September FY24, marking a widening from the loss of Rs 17.5 crore recorded in the corresponding period of the previous year. Despite this, there was notable growth in revenue from operations, which escalated to Rs 336.1 crore from Rs 294.3 crore during the same period, reflecting a positive trajectory in the company’s operational performance.
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