India's Oriental Hotels snaps losing streak as co swings to profit

Oriental Hotels

17/10/2022 09:29

** Shares of hoteliering firm Oriental Hotels  ORHT.NS  rise
as much as 4.3% to 79.45 rupees, highest since Oct 12
    ** Co reports Sept-quarter consolidated profit of 110.5 mln
rupees ($1.34 mln) vs loss of 48.3 mln rupees last year 
    ** Revenue rose to 888 mln rupees from 523.4 mln rupees
    ** Stock posts its biggest intraday pct gain since Oct 4
    ** Oriental set to snap four straight sessions of losses
    ** More than 1.3 mln shares change hands vs 30-day avg of
2.5 mln shares
    ** Stock up 95.26% YTD, as of last close
    ($1 = 82.4050 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))