Gujarat Hotels Ltd share Price Today

Promoted by Gujarat Industrial Investment Corporation and ITC, Gujarat Hotels Limited was incorporated in August, 1982, which acquired its present name in 1985. The Company owns the Welcome Hotel Vadodara in Vadodara, operated by ITC Limited under an Operating Licence Agreement. The company set up the first and only five star hotel Welcomgroup, Vadodara in 1986, with a capacity of 144 rooms. In 1992, the company jointly formulated a rehabilitation package alongwith the Government of Gujarat, and the financial institutions, since the company was incurring losses. In accordance to the rehablilitation package, the hotel was given on an Operating License to ITC from Oct.`92. After the full-implementation of the rehabilitation package, the company, in 1993-94, made a net profit for the first time. As a part of its restructuring exercise, ITC assigned the Operating License agreement with the company to ITC Hotels with effect from Oct.`94. During the year 2004-05, resulting upon amalgamation of ITC Hotels Limited with ITC Limited, ITC Limited became the Operating Licencee of Company`s hotel viz., WelcomHotel Vadodara effective from 23rd March, 2005.

Gujarat Hotels share price as on 17 Jul 2024 is Rs. 229.95. Over the past 6 months, the Gujarat Hotels share price has increased by 1.05% and in the last one year, it has increased by 45.08%. The 52-week low for Gujarat Hotels share price was Rs. 146.1 and 52-week high was Rs. 250.9.